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

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 27th will be paid a dividend of 0.32 per share by the construction company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 27th.

Century Communities has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $4.10 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 31.2%.

Century Communities Trading Up 0.4%

Shares of Century Communities stock opened at $54.51 on Thursday. Century Communities has a 52-week low of $50.42 and a 52-week high of $76.00. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The company’s 50-day simple moving average is $59.64 and its 200-day simple moving average is $62.20. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 12.43 and a beta of 1.37.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to analyst estimates of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.Century Communities’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, equities research analysts anticipate that Century Communities will post 3.84 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the sale, the chairman directly owned 561,662 shares in the company, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Century Communities by 138.0% in the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after acquiring an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 529 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Century Communities by 16.7% during the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after purchasing an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.