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.
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