Century Communities, Inc. (CCS) to Issue Quarterly Dividend of $0.29 on December 10th

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, November 26th will be given a dividend of 0.29 per share by the construction company on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th.

Century Communities has a payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Price Performance

CCS opened at $61.04 on Monday. The firm has a market capitalization of $1.79 billion, a PE ratio of 8.91 and a beta of 1.53. The business’s 50-day moving average is $61.28 and its two-hundred day moving average is $59.89. Century Communities has a 1 year low of $50.42 and a 1 year high of $95.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.66. The firm had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.77 earnings per share. Research analysts anticipate that Century Communities will post 11.07 earnings per share for the current fiscal year.

Institutional Trading of Century Communities

A number of institutional investors and hedge funds have recently made changes to their positions in CCS. Lazard Asset Management LLC grew its stake in Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after acquiring an additional 173 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after purchasing an additional 173 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Century Communities by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock worth $159,000 after purchasing an additional 185 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Century Communities by 4.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after purchasing an additional 191 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

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.