Century Communities, Inc. (CCS) to Issue Quarterly Dividend of $0.26 on December 11th

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 1.17%. 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. Equities research 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 1.7 %

Shares of NYSE CCS opened at $88.69 on Monday. The company has a 50 day simple moving average of $95.31 and a 200 day simple moving average of $91.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities has a 1 year low of $70.82 and a 1 year high of $108.42. The firm has a market cap of $2.78 billion, a PE ratio of 8.84 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $2.58 earnings per share. On average, research analysts forecast that Century Communities will post 10.95 EPS for the current year.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CCS has been the subject of a number of analyst reports. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Wedbush boosted their price target on shares of 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 reiterated a “buy” rating and set a $119.00 price objective (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.