M.D.C. Holdings, Inc. (NYSE:MDC) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of M.D.C. in a research report issued to clients and investors on Wednesday. KeyCorp analyst K. Zener forecasts that the construction company will post earnings of $0.51 per share for the quarter. KeyCorp also issued estimates for M.D.C.’s Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $0.81 EPS.

M.D.C. (NYSE:MDC) last announced its quarterly earnings results on Thursday, February 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.25). The firm had revenue of $704.26 million during the quarter, compared to the consensus estimate of $722.48 million. M.D.C. had a return on equity of 11.00% and a net margin of 5.50%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS.

Several other research analysts have also issued reports on MDC. Bank of America increased their price target on M.D.C. from $31.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded M.D.C. from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Thursday, February 1st. UBS Group cut their price target on M.D.C. from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Monday, November 6th. Citigroup cut their price target on M.D.C. from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, ValuEngine lowered M.D.C. from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.50.

M.D.C. (NYSE:MDC) opened at $28.74 on Friday. The stock has a market capitalization of $1,701.09, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. The company has a quick ratio of 3.34, a current ratio of 10.01 and a debt-to-equity ratio of 0.78. M.D.C. has a fifty-two week low of $26.60 and a fifty-two week high of $37.45.

Several institutional investors and hedge funds have recently modified their holdings of the stock. High Falls Advisors Inc increased its position in shares of M.D.C. by 3.9% during the second quarter. High Falls Advisors Inc now owns 13,577 shares of the construction company’s stock valued at $480,000 after acquiring an additional 515 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of M.D.C. by 7.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,818 shares of the construction company’s stock valued at $381,000 after acquiring an additional 709 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of M.D.C. by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 32,220 shares of the construction company’s stock valued at $1,138,000 after acquiring an additional 739 shares during the last quarter. Teachers Advisors LLC increased its position in shares of M.D.C. by 1.9% during the second quarter. Teachers Advisors LLC now owns 75,874 shares of the construction company’s stock valued at $2,681,000 after acquiring an additional 1,409 shares during the last quarter. Finally, Alpha Windward LLC increased its position in shares of M.D.C. by 11.0% during the third quarter. Alpha Windward LLC now owns 14,520 shares of the construction company’s stock valued at $482,000 after acquiring an additional 1,440 shares during the last quarter. 73.38% of the stock is owned by institutional investors.

In other news, Director Herbert T. Buchwald sold 28,350 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.52, for a total value of $893,592.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Siegel sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $31.83, for a total value of $79,575.00. The disclosure for this sale can be found here. 25.30% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a positive change from M.D.C.’s previous quarterly dividend of $0.25. M.D.C.’s dividend payout ratio (DPR) is currently 48.10%.

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M.D.C. 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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