Norges Bank Invests $5.66 Million in Century Communities, Inc. (NYSE:CCS)

Norges Bank purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,193 shares of the construction company's stock, valued at approximately $5,663,000. Norges Bank owned 0.25% of Century Communities as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after purchasing an additional 10,453 shares during the period. Principal Financial Group Inc. lifted its position in shares of Century Communities by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after buying an additional 3,747 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after acquiring an additional 34,046 shares during the period. Edgestream Partners L.P. increased its holdings in Century Communities by 257.7% in the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after acquiring an additional 46,477 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Century Communities during the 3rd quarter worth approximately $543,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

Shares of CCS stock traded up $0.24 during mid-day trading on Tuesday, hitting $59.67. The company had a trading volume of 17,040 shares, compared to its average volume of 469,386. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The stock's 50 day moving average price is $68.75 and its 200-day moving average price is $79.39. Century Communities, Inc. has a 52-week low of $55.85 and a 52-week high of $108.42. The company has a market capitalization of $1.83 billion, a P/E ratio of 5.73 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.94%. The ex-dividend date was Wednesday, February 26th. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CCS shares. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $103.00.

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.