Brokerages Set M.D.C. Holdings, Inc. (MDC) Target Price at $30.33

M.D.C. Holdings, Inc. (NYSE:MDC) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $30.33.

MDC has been the subject of several recent analyst reports. UBS Group started coverage on M.D.C. in a report on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price target for the company. Zacks Investment Research upgraded M.D.C. from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded M.D.C. from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Citigroup decreased their price objective on M.D.C. from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, November 3rd.

Shares of M.D.C. (MDC) traded down $0.17 during trading on Friday, hitting $33.96. The company’s stock had a trading volume of 330,210 shares, compared to its average volume of 468,509. M.D.C. has a 12 month low of $25.87 and a 12 month high of $37.45. The company has a market capitalization of $1,914.65, a P/E ratio of 12.25, a P/E/G ratio of 0.88 and a beta of 1.36. The company has a quick ratio of 2.60, a current ratio of 9.45 and a debt-to-equity ratio of 0.65.

M.D.C. (NYSE:MDC) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.55. M.D.C. had a return on equity of 11.66% and a net margin of 6.09%. The company had revenue of $586.30 million during the quarter, compared to the consensus estimate of $595.05 million. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts expect that M.D.C. will post 2.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.53%. This is an increase from M.D.C.’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 6th. M.D.C.’s dividend payout ratio (DPR) is currently 33.37%.

In other M.D.C. news, Director Herbert T. Buchwald sold 28,350 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.52, for a total value of $893,592.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Siegel sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $31.83, for a total value of $79,575.00. The disclosure for this sale can be found here. 25.30% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of M.D.C. by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,364,077 shares of the construction company’s stock valued at $144,930,000 after buying an additional 26,295 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of M.D.C. by 14.8% in the second quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock valued at $153,611,000 after buying an additional 561,481 shares during the last quarter. State Street Corp lifted its holdings in M.D.C. by 2.2% during the 2nd quarter. State Street Corp now owns 1,527,659 shares of the construction company’s stock worth $53,976,000 after purchasing an additional 32,826 shares during the last quarter. Northern Trust Corp lifted its holdings in M.D.C. by 8.6% during the 2nd quarter. Northern Trust Corp now owns 953,055 shares of the construction company’s stock worth $33,672,000 after purchasing an additional 75,255 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in M.D.C. by 90.6% during the 3rd quarter. Prudential Financial Inc. now owns 583,941 shares of the construction company’s stock worth $19,393,000 after purchasing an additional 277,580 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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M.D.C. Company Profile

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

Analyst Recommendations for M.D.C. (NYSE:MDC)

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