M.D.C. Holdings, Inc. (NYSE:MDC) Director David Siegel sold 2,500 shares of M.D.C. stock in a transaction on Friday, December 8th. The shares were sold at an average price of $31.83, for a total value of $79,575.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of M.D.C. Holdings, Inc. (NYSE MDC) opened at $31.38 on Tuesday. The company has a market capitalization of $1,786.18, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.98 and a beta of 1.35. The company has a current ratio of 9.45, a quick ratio of 2.60 and a debt-to-equity ratio of 0.65. M.D.C. Holdings, Inc. has a 1 year low of $25.55 and a 1 year high of $37.45.
M.D.C. (NYSE:MDC) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $595.05 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. M.D.C.’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts forecast that M.D.C. Holdings, Inc. will post 2.69 EPS for the current year.
Several research analysts have recently weighed in on MDC shares. Zacks Investment Research cut M.D.C. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. ValuEngine cut M.D.C. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. UBS started coverage on M.D.C. in a research note on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price target for the company. Citigroup decreased their price target on M.D.C. from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, KeyCorp restated a “hold” rating on shares of M.D.C. in a research note on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. M.D.C. presently has a consensus rating of “Hold” and a consensus price target of $30.33.
Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new stake in M.D.C. during the second quarter valued at about $202,000. Capital Fund Management S.A. bought a new position in shares of M.D.C. in the second quarter worth about $223,000. Sawgrass Asset Management LLC bought a new position in shares of M.D.C. in the third quarter worth about $262,000. Parametrica Management Ltd bought a new position in shares of M.D.C. in the third quarter worth about $285,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of M.D.C. in the third quarter worth about $306,000. 74.16% of the stock is owned by institutional investors and hedge funds.
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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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