MDU Resources Group Inc. (NYSE:MDU) shares saw strong trading volume on Friday . 5,256,983 shares traded hands during mid-day trading, an increase of 301% from the previous session’s volume of 1,310,968 shares.The stock last traded at $24.05 and had previously closed at $23.90.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Argus upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, May 31st. Finally, TheStreet upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.90.

The stock’s 50-day moving average is $23.80 and its 200-day moving average is $20.35. The company’s market cap is $4.70 billion.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. During the same period last year, the company earned $0.12 EPS. The business earned $905.20 million during the quarter, compared to analyst estimates of $971.63 million. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.

Other hedge funds and institutional investors have bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in MDU Resources Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,613 shares of the company’s stock valued at $1,037,000 after buying an additional 300 shares during the period. Comerica Bank raised its position in MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock valued at $2,407,000 after buying an additional 459 shares during the period. Mutual of America Capital Management LLC raised its position in MDU Resources Group by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,708 shares of the company’s stock valued at $2,413,000 after buying an additional 1,921 shares during the period. California Public Employees Retirement System raised its position in MDU Resources Group by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 599,616 shares of the company’s stock valued at $10,985,000 after buying an additional 11,800 shares during the period. Finally, New York State Common Retirement Fund raised its position in MDU Resources Group by 3.7% in the fourth quarter. New York State Common Retirement Fund now owns 463,395 shares of the company’s stock valued at $8,489,000 after buying an additional 16,495 shares during the period.

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

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