New Age Alpha Advisors LLC Acquires New Shares in Century Communities, Inc. (NYSE:CCS)

New Age Alpha Advisors LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,286 shares of the construction company's stock, valued at approximately $3,175,000. New Age Alpha Advisors LLC owned 0.14% of Century Communities as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Century Communities in the fourth quarter valued at about $5,663,000. JPMorgan Chase & Co. grew its position in shares of Century Communities by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after purchasing an additional 47,171 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Century Communities by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after purchasing an additional 5,375 shares during the period. Bridge City Capital LLC raised its position in shares of Century Communities by 8.3% in the fourth quarter. Bridge City Capital LLC now owns 44,790 shares of the construction company's stock valued at $3,286,000 after buying an additional 3,429 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Century Communities by 41.6% in the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock valued at $262,000 after buying an additional 1,050 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Price Performance

Shares of CCS stock traded down $5.07 during trading hours on Thursday, reaching $62.87. The company's stock had a trading volume of 68,828 shares, compared to its average volume of 345,157. Century Communities, Inc. has a fifty-two week low of $62.32 and a fifty-two week high of $108.42. The firm's 50 day simple moving average is $71.92 and its 200-day simple moving average is $82.35. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.05 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.85%. This is a boost from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio is currently 11.15%.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of recent research reports. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $103.00.

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.