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

Century Communities, Inc. (NYSE:CCS - Get Free Report) declared 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 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 Stock Up 0.9 %

NYSE CCS traded up $0.82 during trading hours on Friday, reaching $90.32. 280,176 shares of the company's stock traded hands, compared to its average volume of 291,051. The firm has a market cap of $2.83 billion, a PE ratio of 9.00 and a beta of 1.87. 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 52-week low of $67.49 and a 52-week high of $108.42. The firm has a 50-day simple moving average of $97.40 and a 200 day simple moving average of $91.13.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the firm posted $2.58 earnings per share. Century Communities's revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Century Communities will post 10.88 EPS for the current fiscal year.

Analyst Ratings Changes

CCS has been the subject of several research reports. B. Riley reissued a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a 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 Buying and Selling at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the sale, the chief executive officer now owns 477,931 shares of the company's stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Robert J. Francescon sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 477,931 shares of the company's stock, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Box sold 11,282 shares of the business'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 transaction, the director now owns 45,127 shares of the company's stock, valued at approximately $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. 11.90% of the stock is owned by corporate insiders.

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.