Century Communities, Inc. (NYSE:CCS) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 5.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,798 shares of the construction company's stock after buying an additional 10,453 shares during the period. JPMorgan Chase & Co. owned 0.66% of Century Communities worth $21,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Century Communities by 1.9% in the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company's stock worth $654,000 after acquiring an additional 147 shares in the last quarter. Signaturefd LLC grew its stake in shares of Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock worth $134,000 after purchasing an additional 161 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Century Communities by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company's stock worth $231,000 after purchasing an additional 172 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Century Communities by 7.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company's stock worth $359,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after purchasing an additional 287 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCS has been the topic of several research reports. Wedbush upped their price target on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and cut their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Finally, B. Riley restated a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Stock Up 1.2 %

NYSE:CCS traded up $0.86 during trading hours on Thursday, hitting $72.12. 293,903 shares of the stock traded hands, compared to its average volume of 487,361. The firm has a 50 day moving average price of $83.41 and a 200 day moving average price of $90.97. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 7.19 and a beta of 1.91. Century Communities, Inc. has a fifty-two week low of $69.82 and a fifty-two week high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. Century Communities's quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, November 27th. Century Communities's dividend payout ratio is currently 10.37%.

Century Communities 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.