First Trust Advisors LP Has $82.20 Million Holdings in Century Communities, Inc. (NYSE:CCS)

First Trust Advisors LP increased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 67.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,120,495 shares of the construction company's stock after acquiring an additional 450,914 shares during the period. First Trust Advisors LP owned about 3.62% of Century Communities worth $82,200,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares in the last quarter. Headlands Technologies LLC bought a new stake in Century Communities during the fourth quarter worth about $74,000. KBC Group NV increased its position in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Century Communities in the fourth quarter valued at approximately $142,000. Institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush reduced their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. One 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $101.33.

Century Communities Stock Performance

Shares of CCS traded down $0.53 during midday trading on Friday, reaching $55.76. 437,456 shares of the stock were exchanged, compared to its average volume of 356,614. Century Communities, Inc. has a twelve month low of $53.75 and a twelve month high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.71 billion, a P/E ratio of 5.36 and a beta of 1.76. The stock's 50 day simple moving average is $66.03 and its 200 day simple moving average is $76.82.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. On average, sell-side analysts expect 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 represents a $1.16 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is 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.