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.

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

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