State of New Jersey Common Pension Fund D Sells 3,275 Shares of Century Communities, Inc. (NYSE:CCS)

State of New Jersey Common Pension Fund D lowered its position in shares of Century Communities, Inc. (NYSE:CCS) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,428 shares of the construction company’s stock after selling 3,275 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Century Communities worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares in the last quarter. Signaturefd LLC increased its holdings in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Century Communities by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the period. Innealta Capital LLC acquired a new stake in shares of Century Communities during the 2nd quarter worth approximately $162,000. Finally, nVerses Capital LLC increased its stake in Century Communities by 100.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCS shares. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, B. Riley reiterated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Insider Buying and Selling

In other Century Communities news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Trading Down 1.7 %

Shares of CCS opened at $86.23 on Friday. Century Communities, Inc. has a 52-week low of $70.82 and a 52-week high of $108.42. The business’s fifty day moving average is $96.41 and its 200-day moving average is $91.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. Equities analysts anticipate that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.21%. Century Communities’s dividend payout ratio is currently 10.37%.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.