First Trust Advisors LP Acquires 450,914 Shares of Century Communities, Inc. (NYSE:CCS)

First Trust Advisors LP grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 67.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,120,495 shares of the construction company's stock after buying an additional 450,914 shares during the quarter. First Trust Advisors LP owned 3.62% of Century Communities worth $82,200,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CCS. Smartleaf Asset Management LLC boosted 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 worth $54,000 after purchasing an additional 569 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Century Communities in the 4th quarter worth approximately $74,000. KBC Group NV boosted its stake 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 valued at $96,000 after purchasing an additional 403 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Century Communities in the 4th quarter worth $142,000. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Down 0.9 %

NYSE:CCS traded down $0.53 during mid-day trading on Friday, reaching $55.76. 437,456 shares of the company's stock traded hands, compared to its average volume of 356,509. Century Communities, Inc. has a 12-month low of $53.75 and a 12-month high of $108.42. 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 company has a 50 day moving average price of $66.03 and a 200-day moving average price of $77.09. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. On average, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 2.08%. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is currently 11.15%.

Wall Street Analyst Weigh In

CCS has been the subject of several analyst reports. Wedbush cut their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Century Communities has a consensus rating of "Hold" and an average target price of $101.33.

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.