New Age Alpha Advisors LLC Purchases Shares of 43,286 Century Communities, Inc. (NYSE:CCS)

New Age Alpha Advisors LLC acquired a new position in Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,286 shares of the construction company’s stock, valued at approximately $3,175,000. New Age Alpha Advisors LLC owned approximately 0.14% of Century Communities at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of Century Communities during the 3rd quarter valued at $51,000. Smartleaf Asset Management LLC grew its stake in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the last quarter. KBC Group NV grew its stake in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities in the third quarter worth about $144,000. Finally, R Squared Ltd bought a new stake in shares of Century Communities in the 4th quarter valued at about $142,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

Shares of CCS stock opened at $66.88 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $108.42. The firm has a market cap of $2.07 billion, a P/E ratio of 6.43 and a beta of 2.10. The business’s 50 day moving average price is $72.46 and its 200-day moving average price is $83.02.

Century Communities (NYSE:CCS) last released its quarterly earnings results 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 net margin of 7.59% and a return on equity of 14.17%. On average, equities research analysts anticipate 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 paid a $0.29 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CCS shares. 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 from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their price target 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 issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.00.

Century Communities Company 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.