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

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 given a dividend of 0.26 per share by the construction company on Wednesday, December 11th. This represents a $1.04 dividend on an annualized basis 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. 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

Century Communities stock traded up $0.82 during midday trading on Friday, reaching $90.32. The company’s stock had a trading volume of 280,176 shares, 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 debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day simple moving average is $97.40 and its 200 day simple moving average is $91.13. The firm has a market capitalization of $2.83 billion, a PE ratio of 9.00 and a beta of 1.87.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CCS. B. Riley reiterated a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday.

Insider Transactions at Century Communities

In other news, Director John P. Box sold 11,282 shares of the company’s 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 completion of the sale, the director now owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. 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 at the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the company’s 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 transaction, the chief executive officer now directly 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. Company insiders own 11.70% of the company’s stock.

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.