KLP Kapitalforvaltning AS Takes $425,000 Position in Century Communities, Inc. (NYSE:CCS)

KLP Kapitalforvaltning AS purchased a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,800 shares of the construction company's stock, valued at approximately $425,000.

Several other institutional investors also recently made changes to their positions in CCS. Smartleaf Asset Management LLC raised 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 during the period. KBC Group NV grew its stake in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares during the period. R Squared Ltd purchased a new position in shares of Century Communities in the 4th quarter valued at $142,000. Principal Securities Inc. lifted its holdings in shares of Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after acquiring an additional 460 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Century Communities in the 4th quarter valued at $211,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Century Communities Stock Up 4.0 %

NYSE CCS traded up $2.33 during trading hours on Wednesday, reaching $61.21. 614,166 shares of the company traded hands, compared to its average volume of 349,610. The company has a 50 day moving average of $69.76 and a two-hundred day moving average of $80.43. The stock has a market capitalization of $1.88 billion, a PE ratio of 5.89 and a beta of 1.76. Century Communities, Inc. has a 12 month low of $56.52 and a 12 month high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

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

Century Communities Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio is 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.