JPMorgan Chase & Co. Has $18.63 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

JPMorgan Chase & Co. boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,969 shares of the construction company's stock after buying an additional 47,171 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.82% of Century Communities worth $18,631,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock valued at $144,641,000 after purchasing an additional 5,375 shares during the last quarter. Bridge City Capital LLC raised its position in Century Communities by 8.3% in the 4th quarter. Bridge City Capital LLC now owns 44,790 shares of the construction company's stock valued at $3,286,000 after purchasing an additional 3,429 shares during the last quarter. LPL Financial LLC boosted its stake in Century Communities by 41.6% in the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock worth $262,000 after purchasing an additional 1,050 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Century Communities in the fourth quarter worth about $425,000. Finally, American Century Companies Inc. grew its stake in shares of Century Communities by 5.4% during the fourth quarter. American Century Companies Inc. now owns 58,059 shares of the construction company's stock valued at $4,259,000 after purchasing an additional 2,951 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Performance

CCS traded down $0.28 during trading hours on Wednesday, reaching $58.69. The company's stock had a trading volume of 20,839 shares, compared to its average volume of 349,998. 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 company's 50-day moving average is $68.39 and its 200-day moving average is $79.25. Century Communities, Inc. has a 52 week low of $55.85 and a 52 week high of $108.42. The firm has a market cap of $1.80 billion, a PE ratio of 5.64 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's payout ratio is presently 11.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCS shares. Wedbush reiterated a "neutral" rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a "hold" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.