Century Communities, Inc. Declares Quarterly Dividend of $0.26 (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.26 per share by the construction company on Wednesday, December 11th. This represents a $1.04 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, November 27th.

Century Communities has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $12.51 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 8.3%.

Century Communities Price Performance

CCS traded up $0.82 on Friday, hitting $90.32. 280,176 shares of the company’s stock were exchanged, compared to its average volume of 300,018. Century Communities has a fifty-two week low of $67.49 and a fifty-two week high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $97.40 and a 200-day moving average price of $91.13. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 9.00 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Century Communities will post 10.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Box sold 11,282 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCS shares. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday. Wedbush boosted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, B. Riley restated a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

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.