MDU Resources Group Inc. (MDU) Hits New 1-Year High at $24.67
Shares of MDU Resources Group Inc. (NYSE:MDU) reached a new 52-week high on Friday . The company traded as high as $24.67 and last traded at $24.60, with a volume of 427,253 shares. The stock had previously closed at $24.39.
A number of research firms have recently weighed in on MDU. Zacks Investment Research lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.90.
The company’s market capitalization is $4.81 billion. The company has a 50 day moving average of $23.68 and a 200 day moving average of $20.12.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company earned $905.20 million during the quarter, compared to analysts’ expectations of $971.63 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, June 7th.
Other hedge funds have bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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 worth $1,037,000 after buying an additional 300 shares during the period. Liberty Mutual Group Asset Management Inc. increased its stake in MDU Resources Group by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 125,771 shares of the company’s stock worth $2,305,000 after buying an additional 42,730 shares during the period. Mutual of America Capital Management LLC increased its stake 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 worth $2,413,000 after buying an additional 1,921 shares during the period. Comerica Bank increased its stake in MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock worth $2,407,000 after buying an additional 459 shares during the period. Finally, Matarin Capital Management LLC acquired a new stake in MDU Resources Group during the fourth quarter worth $2,589,000.
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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