Norges Bank Invests $11.73 Million in Century Communities, Inc. (NYSE:CCS)

Norges Bank acquired a new stake in Century Communities, Inc. (NYSE:CCSFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 128,670 shares of the construction company’s stock, valued at approximately $11,727,000. Norges Bank owned approximately 0.41% of Century Communities as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CCS. NBC Securities Inc. acquired a new position in shares of Century Communities in the third quarter worth $33,000. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the 4th quarter worth about $36,000. GAMMA Investing LLC acquired a new stake in Century Communities in the 4th quarter valued at about $55,000. Quantbot Technologies LP purchased a new position in shares of Century Communities in the 3rd quarter valued at about $59,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Century Communities in the 4th quarter valued at about $107,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 target price on the stock in a report on Friday, May 31st.

Read Our Latest Research Report on Century Communities

Century Communities Stock Down 3.2 %

Century Communities stock opened at $82.25 on Wednesday. The stock’s fifty day moving average is $84.78 and its two-hundred day moving average is $84.93. The stock has a market cap of $2.61 billion, a PE ratio of 9.13 and a beta of 1.82. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20.

Century Communities (NYSE:CCSGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. The firm had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. On average, sell-side analysts expect that Century Communities, Inc. will post 10.36 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 1.26%. Century Communities’s dividend payout ratio is currently 11.54%.

About Century Communities

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CCS? Visit to get the latest 13F filings and insider trades for Century Communities, Inc. (NYSE:CCSFree Report).

Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with's FREE daily email newsletter.