Fisher Asset Management LLC raised its holdings in M.D.C. Holdings, Inc. (NYSE:MDC) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,674 shares of the construction company’s stock after buying an additional 7,575 shares during the quarter. Fisher Asset Management LLC owned 0.22% of M.D.C. Holdings worth $3,808,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Alpha Windward LLC increased its holdings in M.D.C. Holdings by 11.0% in the 3rd quarter. Alpha Windward LLC now owns 14,520 shares of the construction company’s stock valued at $482,000 after buying an additional 1,440 shares during the period. USA Financial Portformulas Corp bought a new stake in M.D.C. Holdings in the 2nd quarter valued at $520,000. Afam Capital Inc. increased its holdings in M.D.C. Holdings by 0.9% in the 2nd quarter. Afam Capital Inc. now owns 264,390 shares of the construction company’s stock valued at $9,341,000 after buying an additional 2,287 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in M.D.C. Holdings in the 2nd quarter valued at $332,000. Finally, WINTON GROUP Ltd bought a new stake in M.D.C. Holdings in the 2nd quarter valued at $831,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David E. Blackford sold 26,250 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total value of $947,887.50. Following the transaction, the director now owns 40,928 shares in the company, valued at $1,477,910.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.30% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on the stock. UBS AG assumed coverage on shares of M.D.C. Holdings in a report on Wednesday. They issued a “sell” rating and a $34.00 price target on the stock. Zacks Investment Research raised shares of M.D.C. Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, September 26th. Wells Fargo & Company raised shares of M.D.C. Holdings from an “underperform” rating to a “market perform” rating and set a $30.00 price target on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of M.D.C. Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.00.
Shares of M.D.C. Holdings, Inc. (MDC) opened at 36.42 on Friday. M.D.C. Holdings, Inc. has a 12-month low of $22.31 and a 12-month high of $36.96. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.43 and a beta of 1.34. The stock has a 50 day moving average of $33.95 and a 200 day moving average of $33.62.
M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The company had revenue of $648.97 million during the quarter, compared to the consensus estimate of $623.95 million. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that M.D.C. Holdings, Inc. will post $2.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, November 7th.
M.D.C. Holdings 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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