M.D.C. Holdings Inc. (MDC) Trading 2.9% Higher
M.D.C. Holdings Inc. (NYSE:MDC) shares traded up 2.9% during trading on Tuesday . The company traded as high as $26.51 and last traded at $26.32, with a volume of 128,651 shares changing hands. The stock had previously closed at $25.57.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Deutsche Bank AG cut their target price on shares of M.D.C. Holdings from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, May 16th. Sterne Agee CRT reiterated a “neutral” rating on shares of M.D.C. Holdings in a research report on Monday, May 16th. Argus reiterated a “hold” rating on shares of M.D.C. Holdings in a research report on Tuesday, July 5th. Finally, Citigroup Inc. upped their target price on shares of M.D.C. Holdings from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.25.
The stock’s 50 day moving average is $25.94 and its 200-day moving average is $24.13. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 17.59.
M.D.C. Holdings (NYSE:MDC) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm had revenue of $571.20 million for the quarter, compared to the consensus estimate of $535.12 million. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts anticipate that M.D.C. Holdings Inc. will post $2.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 3.79%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.