Public Employees Retirement System of Ohio Invests $8.03 Million in Century Communities, Inc. $CCS

Public Employees Retirement System of Ohio bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the second quarter, Holdings Channel.com reports. The fund bought 112,115 shares of the construction company’s stock, valued at approximately $8,034,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE bought a new position in Century Communities in the second quarter worth about $12,589,000. Basswood Capital Management L.L.C. bought a new stake in Century Communities during the 2nd quarter valued at approximately $533,000. Freestone Grove Partners LP purchased a new position in shares of Century Communities during the 2nd quarter worth approximately $478,000. Odyssean LLC purchased a new position in shares of Century Communities during the 2nd quarter worth approximately $784,000. Finally, Jupiter Topco LLC bought a new position in shares of Century Communities in the 2nd quarter worth approximately $922,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of CCS opened at $67.65 on Tuesday. The stock has a market cap of $1.92 billion, a PE ratio of 14.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities, Inc. has a fifty-two week low of $47.28 and a fifty-two week high of $76.00. The firm’s 50-day simple moving average is $68.56 and its two-hundred day simple moving average is $62.59.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The firm had revenue of $927.23 million during the quarter, compared to analyst estimates of $857.23 million. During the same period last year, the business earned $1.37 earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. Analysts anticipate that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities’s payout ratio is 28.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.