Victory Capital Management Inc. Has $764,000 Holdings in M.D.C. Holdings, Inc. (MDC)
Victory Capital Management Inc. grew its position in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,621 shares of the construction company’s stock after purchasing an additional 1,616 shares during the quarter. Victory Capital Management Inc.’s holdings in M.D.C. Holdings were worth $764,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in M.D.C. Holdings during the 1st quarter worth approximately $108,000. Glen Harbor Capital Management LLC raised its holdings in M.D.C. Holdings by 18.8% during the 1st quarter. Glen Harbor Capital Management LLC now owns 3,876 shares of the construction company’s stock worth $116,000 after purchasing an additional 612 shares during the last quarter. Winslow Evans & Crocker Inc. raised its holdings in M.D.C. Holdings by 34.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock worth $139,000 after purchasing an additional 1,026 shares during the last quarter. Parsec Financial Management Inc. bought a new position in M.D.C. Holdings during the 2nd quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue raised its holdings in M.D.C. Holdings by 78.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,138 shares of the construction company’s stock worth $287,000 after purchasing an additional 3,576 shares during the last quarter. Hedge funds and other institutional investors own 81.62% of the company’s stock.
In related news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total transaction of $947,887.50. Following the completion of the transaction, the director now owns 40,928 shares in the company, valued at $1,477,910.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 25.30% of the stock is owned by corporate insiders.
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Shares of M.D.C. Holdings, Inc. (NYSE MDC) opened at 31.66 on Friday. M.D.C. Holdings, Inc. has a 12 month low of $22.31 and a 12 month high of $36.92. The stock’s 50 day moving average is $32.32 and its 200 day moving average is $32.64. The firm has a market cap of $1.64 billion, a P/E ratio of 13.42 and a beta of 1.35.
M.D.C. Holdings (NYSE:MDC) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $648.97 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities research analysts expect that M.D.C. Holdings, Inc. will post $2.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.16%.
Several research analysts have issued reports on MDC shares. Zacks Investment Research lowered shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a report on Friday, August 25th. BidaskClub downgraded shares of M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation reaffirmed an “underperform” rating and set a $27.00 price objective (up previously from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. Finally, Deutsche Bank AG raised their price objective on shares of 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. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.20.
M.D.C. Holdings 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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