M.D.C. Holdings (NYSE:MDC) Given Daily Media Sentiment Score of 0.14
News articles about M.D.C. Holdings (NYSE:MDC) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. M.D.C. Holdings earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.0282494804729 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research analysts have commented on MDC shares. Zacks Investment Research raised M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, June 29th. BidaskClub downgraded M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Deutsche Bank AG lifted their price target on M.D.C. Holdings from $27.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Citigroup Inc. downgraded M.D.C. Holdings from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 10th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $27.00 price target (up from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.20.
M.D.C. Holdings (NYSE MDC) traded up 0.18% during mid-day trading on Friday, hitting $32.58. The stock had a trading volume of 786,170 shares. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.81 and a beta of 1.36. The stock’s 50 day moving average price is $35.14 and its 200 day moving average price is $32.05. M.D.C. Holdings has a one year low of $22.31 and a one year high of $36.92.
M.D.C. Holdings (NYSE:MDC) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $648.97 million for the quarter, compared to analyst estimates of $623.95 million. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Analysts forecast that M.D.C. Holdings will post $2.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%.
In other news, SVP Michael Touff sold 84,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $34.40, for a total transaction of $2,889,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Herbert T. Buchwald sold 26,250 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $34.14, for a total value of $896,175.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,000 shares of company stock worth $6,602,663. 25.30% of the stock is owned by corporate insiders.
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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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