Century Communities, Inc. (NYSE:CCS) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,466 shares of the construction company's stock after acquiring an additional 5,038 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Century Communities worth $1,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CCS. Creative Planning lifted its stake in Century Communities by 53.8% in the 3rd quarter. Creative Planning now owns 9,713 shares of the construction company's stock valued at $1,000,000 after buying an additional 3,397 shares in the last quarter. Signaturefd LLC lifted its stake in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock valued at $134,000 after buying an additional 161 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Century Communities by 3.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company's stock valued at $956,000 after buying an additional 319 shares in the last quarter. Summit Global Investments lifted its stake in Century Communities by 72.1% in the 3rd quarter. Summit Global Investments now owns 12,845 shares of the construction company's stock valued at $1,323,000 after buying an additional 5,380 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Century Communities by 307.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,235 shares of the construction company's stock valued at $2,187,000 after buying an additional 16,024 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CCS. Zelman & Associates raised Century Communities to a "hold" rating in a research note 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 research note on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and reduced their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $103.00.

Century Communities Trading Down 0.5 %

Shares of Century Communities stock traded down $0.37 during trading hours on Friday, reaching $69.48. 397,481 shares of the company's stock were exchanged, compared to its average volume of 454,700. Century Communities, Inc. has a 52-week low of $68.49 and a 52-week high of $108.42. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 6.68 and a beta of 1.92. The company has a fifty day moving average of $74.01 and a 200-day moving average of $86.91. 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 issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share 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%. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, February 26th. Century Communities's dividend payout ratio is presently 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.