Century Communities, Inc. (NYSE:CCS) Raises Dividend to $0.26 Per Share

Century Communities, Inc. (NYSE:CCSGet Free Report) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.26 per share by the construction company on Wednesday, March 13th. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23.

Century Communities has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Century Communities to earn $11.11 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 8.3%.

Century Communities Stock Performance

NYSE:CCS opened at $87.44 on Friday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.86 and a beta of 1.72. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. Century Communities has a twelve month low of $56.22 and a twelve month high of $95.07. The firm’s fifty day simple moving average is $85.88 and its 200 day simple moving average is $75.12.

Institutional Trading of Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of CCS. Benjamin Edwards Inc. raised its position in shares of Century Communities by 77.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock valued at $113,000 after acquiring an additional 642 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new position in Century Communities during the 3rd quarter valued at approximately $120,000. State of Wyoming boosted its position in Century Communities by 8.6% during the 4th quarter. State of Wyoming now owns 2,596 shares of the construction company’s stock valued at $130,000 after purchasing an additional 206 shares during the period. Tower Research Capital LLC TRC grew its stake in Century Communities by 13.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the construction company’s stock worth $134,000 after buying an additional 204 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Century Communities by 125.4% in the first quarter. Point72 Hong Kong Ltd now owns 2,527 shares of the construction company’s stock worth $135,000 after buying an additional 1,406 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCS. Wedbush boosted their target price on shares of Century Communities from $81.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. B. Riley raised their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Read Our Latest Research Report on Century Communities

About Century Communities

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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.

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Dividend History for Century Communities (NYSE:CCS)

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