Teacher Retirement System of Texas Trims Position in Century Communities, Inc. (NYSE:CCS)

Teacher Retirement System of Texas decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 62.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,149 shares of the construction company's stock after selling 20,092 shares during the period. Teacher Retirement System of Texas' holdings in Century Communities were worth $891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CCS. Point72 Hong Kong Ltd purchased a new position in Century Communities during the third quarter valued at approximately $51,000. Smartleaf Asset Management LLC increased its holdings in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after acquiring an additional 569 shares during the period. KBC Group NV raised its position in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities during the 3rd quarter worth $144,000. Finally, R Squared Ltd bought a new stake in Century Communities during the fourth quarter valued at about $142,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and cut their price target for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Finally, Wedbush reaffirmed a "neutral" rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $103.00.

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Century Communities Stock Performance

Shares of Century Communities stock traded up $0.76 during midday trading on Wednesday, hitting $67.91. The company had a trading volume of 350,741 shares, compared to its average volume of 346,230. The company has a fifty day simple moving average of $71.92 and a 200 day simple moving average of $82.35. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 6.53 and a beta of 1.76. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12-month low of $65.22 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is presently 11.15%.

About Century Communities

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.