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

New Age Alpha Advisors LLC purchased a new position in Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 43,286 shares of the construction company’s stock, valued at approximately $3,175,000.

A number of other large investors also recently bought and sold shares of CCS. Point72 Hong Kong Ltd purchased a new stake in Century Communities in the third quarter worth about $51,000. Smartleaf Asset Management LLC boosted its position 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. KBC Group NV boosted its position 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 worth $96,000 after purchasing an additional 403 shares in the last quarter. R Squared Ltd bought a new position in Century Communities during the 4th quarter valued at approximately $142,000. Finally, Daiwa Securities Group Inc. bought a new position in Century Communities during the 3rd quarter valued at approximately $144,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of NYSE:CCS 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. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 6.43 and a beta of 2.10. The business has a 50-day simple moving average of $72.46 and a two-hundred day simple moving average of $83.02. Century Communities, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) 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 net margin of 7.59% and a return on equity of 14.17%. On average, analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. 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 presently 11.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Wedbush restated a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and a consensus 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.