Century Communities, Inc. (NYSE:CCS) Announces Quarterly Dividend of $0.32

Century Communities, Inc. (NYSE:CCS – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.32 per share by the construction company on Wednesday, December 9th. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, November 25th.

Century Communities has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $2.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 55.4%.

Century Communities Stock Up 9.1%

CCS stock opened at $57.18 on Thursday. The company’s 50 day moving average is $59.52 and its 200 day moving average is $62.03. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 15.25 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. Century Communities has a 1-year low of $47.28 and a 1-year high of $76.00.

Century Communities (NYSE:CCS – Get Free Report) last announced its earnings results on Wednesday, October 28th. The construction company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.21). Century Communities had a net margin of 2.86% and a return on equity of 5.41%. The company had revenue of $864.47 million for the quarter, compared to the consensus estimate of $949.83 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Sell-side analysts predict that Century Communities will post 3.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. Nykredit A S bought a new stake in shares of Century Communities in the 2nd quarter worth $26,000. Farther Finance Advisors LLC boosted its stake in shares of Century Communities by 287.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company’s stock worth $26,000 after acquiring an additional 319 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Century Communities by 56.3% in the third quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock worth $39,000 after buying an additional 232 shares during the period. Meeder Asset Management Inc. bought a new stake in Century Communities during the 1st quarter worth approximately $81,000. Finally, State of Wyoming purchased a new position in shares of Century Communities during the 2nd quarter valued at $82,000. 99.54% of the stock is owned by institutional investors.

Century Communities Company Profile

(Get Free Report)

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.

Further Reading

Dividend History for Century Communities (NYSE:CCS)

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