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

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 paid 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 dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 27th.

Century Communities has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $12.41 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 8.4%.

Century Communities Stock Up 6.7 %

Shares of NYSE:CCS opened at $94.59 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.96 billion, a P/E ratio of 9.43 and a beta of 1.87. Century Communities has a 12 month low of $70.82 and a 12 month high of $108.42. The company’s 50-day moving average price is $95.13 and its two-hundred day moving average price is $91.70.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. Century Communities’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. As a group, research analysts forecast that Century Communities will post 10.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other Century Communities news, Director John P. Box sold 11,282 shares of the stock in a transaction dated 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 owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCS shares. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. 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, B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research 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.