Century Communities, Inc. (CCS) To Go Ex-Dividend on February 25th

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.32 per share by the construction company on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, February 25th. This is a 10.3% increase from Century Communities’s previous quarterly dividend of $0.29.

Century Communities has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 11.0%.

Century Communities Stock Performance

Shares of CCS stock opened at $71.84 on Monday. The company has a fifty day moving average price of $65.36 and a two-hundred day moving average price of $63.76. Century Communities has a one year low of $50.42 and a one year high of $76.00. The stock has a market cap of $2.09 billion, a P/E ratio of 14.78 and a beta of 1.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $3.54 EPS. Century Communities’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts predict that Century Communities will post 11.07 EPS for the current year.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the sale, the chairman owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Century Communities

Hedge funds have recently bought and sold shares of the business. Summit Global Investments bought a new stake in shares of Century Communities during the 3rd quarter worth $1,162,000. Penserra Capital Management LLC grew its position in Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock valued at $257,000 after acquiring an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in Century Communities by 26.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares in the last quarter. Denali Advisors LLC bought a new position in shares of Century Communities in the third quarter worth about $1,375,000. Finally, Creative Planning boosted its stake in shares of Century Communities by 117.2% in the 2nd quarter. Creative Planning now owns 37,891 shares of the construction company’s stock valued at $2,134,000 after purchasing an additional 20,447 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

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.