Shares of M.D.C. Holdings, Inc. (NYSE:MDC) dropped 5.2% on Thursday . The company traded as low as $28.73 and last traded at $28.74. Approximately 1,259,556 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 774,039 shares. The stock had previously closed at $30.31.

MDC has been the topic of a number of analyst reports. ValuEngine downgraded M.D.C. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. UBS Group initiated coverage on M.D.C. in a research note on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price target on the stock. Citigroup decreased their price target on M.D.C. from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. 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 research note on Thursday, February 1st. Finally, Bank of America lifted their price target on M.D.C. from $31.00 to $34.00 and gave the company an “underperform” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.50.

The company has a current ratio of 10.01, a quick ratio of 3.34 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1,700.00, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.65 and a beta of 1.36.

M.D.C. (NYSE:MDC) last posted its earnings results on Thursday, February 1st. The construction company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.25). The firm had revenue of $704.26 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. equities research analysts expect that M.D.C. Holdings, Inc. will post 2.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.07%. This is an increase from M.D.C.’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 6th. M.D.C.’s payout ratio is presently 48.39%.

In other M.D.C. news, Director Herbert T. Buchwald sold 28,350 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $31.52, for a total transaction of $893,592.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Siegel sold 2,500 shares of the business’s stock in a transaction on Friday, December 8th. The stock was 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 currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in M.D.C. by 11.2% during the fourth quarter. BlackRock Inc. now owns 6,564,388 shares of the construction company’s stock worth $209,273,000 after purchasing an additional 660,834 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in M.D.C. by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,364,077 shares of the construction company’s stock worth $144,930,000 after purchasing an additional 26,295 shares in the last quarter. Vanguard Group Inc. boosted its position in M.D.C. by 14.8% during the second quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock worth $153,611,000 after purchasing an additional 561,481 shares in the last quarter. State Street Corp boosted its position in M.D.C. by 2.2% during the second quarter. State Street Corp now owns 1,527,659 shares of the construction company’s stock worth $53,976,000 after purchasing an additional 32,826 shares in the last quarter. Finally, Hamlin Capital Management LLC boosted its position in M.D.C. by 6.6% during the fourth quarter. Hamlin Capital Management LLC now owns 1,195,187 shares of the construction company’s stock worth $38,103,000 after purchasing an additional 73,535 shares in the last quarter. Institutional investors own 73.38% of the company’s stock.

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About M.D.C.

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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