M.D.C. Holdings Inc. (NYSE:MDC) has received a consensus rating of “Hold” from the nine research firms that are covering the firm. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $26.10.
MDC has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on M.D.C. Holdings in a research report on Monday, November 14th. They set a “hold” rating and a $28.00 price target on the stock. Zacks Investment Research downgraded M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Wells Fargo & Co. initiated coverage on M.D.C. Holdings in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock.
M.D.C. Holdings (NYSE:MDC) traded up 0.6027% during mid-day trading on Wednesday, hitting $26.6899. The stock had a trading volume of 126,124 shares. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 16.1074 and a beta of 1.37. The stock’s 50-day moving average price is $25.72 and its 200-day moving average price is $25.28. M.D.C. Holdings has a 12 month low of $18.36 and a 12 month high of $27.58.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $578 million for the quarter, compared to analysts’ expectations of $636.16 million. M.D.C. Holdings had a return on equity of 6.72% and a net margin of 3.94%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. On average, analysts predict that M.D.C. Holdings will post $1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were given a $0.25 dividend. The ex-dividend date was Monday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. M.D.C. Holdings’s dividend payout ratio (DPR) is presently 14.40%.
Several institutional investors have recently added to or reduced their stakes in MDC. PineBridge Investments L.P. purchased a new position in M.D.C. Holdings during the second quarter valued at $121,000. MSI Financial Services Inc increased its position in M.D.C. Holdings by 383.1% in the third quarter. MSI Financial Services Inc now owns 4,672 shares of the company’s stock valued at $121,000 after buying an additional 3,705 shares during the period. Orinda Asset Management LLC purchased a new position in M.D.C. Holdings during the third quarter valued at $123,000. Teacher Retirement System of Texas boosted its stake in M.D.C. Holdings by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,446 shares of the company’s stock valued at $133,000 after buying an additional 663 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in M.D.C. Holdings during the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 74.04% of the company’s stock.
M.D.C. Holdings Company Profile
M.DC Holdings, Inc is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.
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