Century Communities, Inc. (NYSE:CCS) Announces $0.20 Quarterly Dividend

Century Communities, Inc. (NYSE:CCSGet Rating) announced a quarterly dividend on Wednesday, May 18th, Zacks reports. Shareholders of record on Wednesday, June 1st will be paid a dividend of 0.20 per share by the construction company on Wednesday, June 15th. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 31st.

Century Communities has a dividend payout ratio of 4.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $20.14 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.0%.

Shares of CCS opened at $52.08 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.08. Century Communities has a one year low of $46.63 and a one year high of $86.07. The company has a 50-day simple moving average of $54.23 and a two-hundred day simple moving average of $64.79. The firm has a market capitalization of $1.71 billion, a PE ratio of 3.30 and a beta of 1.86.

Century Communities (NYSE:CCSGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The construction company reported $4.20 EPS for the quarter, topping the consensus estimate of $3.70 by $0.50. Century Communities had a net margin of 12.77% and a return on equity of 32.96%. During the same period last year, the firm earned $3.00 earnings per share. Analysts expect that Century Communities will post 19.18 EPS for the current fiscal year.

CCS has been the subject of a number of analyst reports. Wedbush decreased their target price on shares of Century Communities from $110.00 to $94.00 in a research note on Thursday, April 28th. JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $74.50 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, April 13th. StockNews.com initiated coverage on shares of Century Communities in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Finally, B. Riley decreased their target price on shares of Century Communities from $108.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Century Communities presently has an average rating of “Hold” and a consensus price target of $76.80.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in shares of Century Communities by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 24,178 shares of the construction company’s stock worth $1,978,000 after acquiring an additional 163 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Century Communities by 5.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 9,060 shares of the construction company’s stock worth $485,000 after acquiring an additional 430 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Century Communities by 2.6% during the 4th quarter. Credit Suisse AG now owns 25,378 shares of the construction company’s stock worth $2,075,000 after acquiring an additional 651 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Century Communities by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 41,920 shares of the construction company’s stock worth $3,429,000 after acquiring an additional 928 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Century Communities by 1.8% during the 1st quarter. Sei Investments Co. now owns 68,339 shares of the construction company’s stock worth $3,663,000 after acquiring an additional 1,219 shares during the last quarter. 87.28% of the stock is owned by institutional investors.

Century Communities Company Profile (Get Rating)

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 home buyers.

See Also

Dividend History for Century Communities (NYSE:CCS)

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