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Century Communities said on February 8, 2023 that its board of directors declared a regular
quarterly dividend of $0.23 per share ($0.92 annualized).
Shareholders of record as of February 28, 2023
will receive the payment on March 15, 2023.
Previously, the company paid $0.20 per share.
At the current share price of $63.85 / share,
the stock’s dividend yield is 1.44%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.26%,
the lowest has been 0.74%,
and the highest has been 1.87%.
The standard deviation of yields is 0.38 (n=79).
The current dividend yield is
0.48 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.05.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
Analyst Price Forecast Suggests 4.68% Downside
As of February 13, 2023,
the average one-year price target for Century Communities is $60.86.
The forecasts range from a low of $53.53 to a high of $73.50.
The average price target represents a decrease of 4.68% from its latest reported closing price of $63.85.
The projected annual revenue for Century Communities
is $3,549MM, a decrease of 21.24%.
The projected annual EPS
is $8.14, a decrease of 49.48%.
What is the Fund Sentiment?
There are 523 funds or institutions reporting positions in Century Communities.
This is a decrease
of
34
owner(s) or 6.10% in the last quarter.
Average portfolio weight of all funds dedicated to CCS is 0.20%,
an increase
of 1.47%.
Total shares owned by institutions increased
in the last three months by 0.99% to 34,941K shares.
The put/call ratio of CCS is 1.24, indicating a
bearish
outlook.
What are large shareholders doing?
Wellington Management Group Llp
holds 2,842K shares
representing 8.95% ownership of the company.
In it’s prior filing, the firm reported owning 3,038K shares, representing
a decrease
of 6.90%.
The firm
decreased
its portfolio allocation in CCS by 85.55% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 2,099K shares
representing 6.60% ownership of the company.
In it’s prior filing, the firm reported owning 2,023K shares, representing
an increase
of 3.60%.
The firm
increased
its portfolio allocation in CCS by 0.16% over the last quarter.
Westwood Holdings Group
holds 1,244K shares
representing 3.91% ownership of the company.
In it’s prior filing, the firm reported owning 1,167K shares, representing
an increase
of 6.14%.
The firm
increased
its portfolio allocation in CCS by 9.82% over the last quarter.
Jennison Associates
holds 985K shares
representing 3.10% ownership of the company.
In it’s prior filing, the firm reported owning 986K shares, representing
a decrease
of 0.13%.
The firm
decreased
its portfolio allocation in CCS by 35.42% over the last quarter.
Capital World Investors
holds 911K shares
representing 2.87% ownership of the company.
No change in the last quarter.
Century Communities Background Information
(This description is provided by the company.)
Century Communities, Inc. is a top 10 national homebuilder. Offering new homes under the Century Communities and Century Complete brands, Century is engaged in all aspects of homebuilding – including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Colorado-based company operates in 17 states across the U.S., and offers title, insurance and lending services in select markets through its Parkway Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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