Alpha Windward LLC reduced its stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 22.7% during the second quarter, Holdings Channel reports. The institutional investor owned 13,080 shares of the construction company’s stock after selling 3,840 shares during the period. Alpha Windward LLC’s holdings in M.D.C. Holdings were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of M.D.C. Holdings by 61,394.6% in the first quarter. BlackRock Inc. now owns 5,836,452 shares of the construction company’s stock valued at $175,386,000 after buying an additional 5,826,961 shares in the last quarter. FMR LLC boosted its position in shares of M.D.C. Holdings by 4.8% in the first quarter. FMR LLC now owns 5,358,020 shares of the construction company’s stock valued at $161,008,000 after buying an additional 243,185 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of M.D.C. Holdings by 8.1% in the first quarter. Vanguard Group Inc. now owns 3,786,394 shares of the construction company’s stock valued at $113,782,000 after buying an additional 284,872 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of M.D.C. Holdings by 1.6% in the first quarter. Brandes Investment Partners LP now owns 1,571,687 shares of the construction company’s stock valued at $47,230,000 after buying an additional 25,469 shares in the last quarter. Finally, State Street Corp boosted its position in shares of M.D.C. Holdings by 19.8% in the first quarter. State Street Corp now owns 1,494,833 shares of the construction company’s stock valued at $44,919,000 after buying an additional 247,408 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

M.D.C. Holdings, Inc. (NYSE:MDC) traded up 1.74% during midday trading on Friday, hitting $36.26. 38,475 shares of the stock traded hands. M.D.C. Holdings, Inc. has a one year low of $21.25 and a one year high of $36.92. The company has a market cap of $1.87 billion, a PE ratio of 16.20 and a beta of 1.37. The company’s 50-day moving average is $35.12 and its 200-day moving average is $31.18.

M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The business had revenue of $563.70 million during the quarter, compared to analyst estimates of $503.65 million. M.D.C. Holdings had a net margin of 4.63% and a return on equity of 8.88%. The business’s revenue was up 42.1% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Equities research analysts expect that M.D.C. Holdings, Inc. will post $2.51 EPS for the current fiscal year.

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Several equities analysts have commented on MDC shares. Zacks Investment Research cut shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Bank of America Corporation reissued an “underperform” rating and issued a $27.00 price target (up previously from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. Wells Fargo & Company cut shares of M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 price target for the company. in a research report on Tuesday, May 16th. BidaskClub raised shares of M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Finally, Citigroup Inc. cut shares of M.D.C. Holdings from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. M.D.C. Holdings has an average rating of “Hold” and a consensus price target of $29.83.

In related news, Director Herbert T. Buchwald sold 26,250 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $34.14, for a total transaction of $896,175.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Touff sold 84,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $34.40, for a total transaction of $2,889,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,750 shares of company stock valued at $5,654,775. Company insiders own 25.30% of the company’s stock.

M.D.C. Holdings 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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Institutional Ownership by Quarter for M.D.C. Holdings (NYSE:MDC)

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