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

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

Century Communities has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.9 %

Shares of CCS traded up $0.82 during trading hours on Friday, hitting $90.32. 280,176 shares of the company were exchanged, compared to its average volume of 300,018. The company has a market cap of $2.83 billion, a PE ratio of 9.00 and a beta of 1.87. The firm’s 50 day moving average is $97.40 and its 200-day moving average is $91.13. Century Communities has a 52 week low of $67.49 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that Century Communities will post 10.88 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms have commented on CCS. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley reissued a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

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.