M.D.C. Holdings Inc. (NYSE:MDC)’s share price traded down 2.3% during mid-day trading on Monday . The stock traded as low as $24.77 and last traded at $25.18, with a volume of 317,506 shares trading hands. The stock had previously closed at $25.78.

Several equities analysts have recently issued reports on the stock. Argus reissued a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, July 5th. Deutsche Bank AG reduced their price target on shares of M.D.C. Holdings from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, May 16th. Zacks Investment Research raised shares of M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, April 13th. Citigroup Inc. boosted their price target on shares of M.D.C. Holdings from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of M.D.C. Holdings in a report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.25.

The company has a 50 day moving average of $25.50 and a 200 day moving average of $23.77. The firm has a market cap of $1.23 billion and a PE ratio of 16.69.

M.D.C. Holdings (NYSE:MDC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm earned $571.20 million during the quarter, compared to analyst estimates of $535.12 million. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that M.D.C. Holdings Inc. will post $2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Monday, August 8th.

A hedge fund recently raised its stake in M.D.C. Holdings stock. Wells Fargo & Company MN increased its position in shares of M.D.C. Holdings Inc. (NYSE:MDC) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,062,690 shares of the company’s stock after buying an additional 41,858 shares during the period. Wells Fargo & Company MN owned approximately 2.17% of M.D.C. Holdings worth $27,130,000 as of its most recent SEC filing.

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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