Brokerages Set M.D.C. Holdings, Inc. (NYSE:MDC) Target Price at $52.13

Shares of M.D.C. Holdings, Inc. (NYSE:MDC) have been assigned a consensus recommendation of “Reduce” from the five research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.13.

Several research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of M.D.C. in a research note on Thursday, April 11th. They issued a “hold” rating for the company. Evercore ISI downgraded shares of M.D.C. from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $57.00 to $63.00 in a research note on Wednesday, January 31st. Finally, Raymond James reiterated a “market perform” rating on shares of M.D.C. in a research note on Wednesday, February 7th.

M.D.C. Trading Down 0.0 %

Shares of MDC stock opened at $62.90 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 9.76 and a quick ratio of 3.92. The firm has a market cap of $4.72 billion, a PE ratio of 11.91 and a beta of 1.54. The company has a 50-day moving average of $62.67 and a two-hundred day moving average of $53.23. M.D.C. has a 1-year low of $36.47 and a 1-year high of $63.00.

M.D.C. (NYSE:MDC) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.50 by $0.06. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, analysts predict that M.D.C. will post 5.7 EPS for the current year.

M.D.C. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.20 annualized dividend and a dividend yield of 3.50%. M.D.C.’s dividend payout ratio is presently 41.67%.

Insider Transactions at M.D.C.

In other news, Director David E. Blackford sold 6,200 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.69, for a total transaction of $388,678.00. Following the completion of the sale, the director now owns 13,534 shares in the company, valued at approximately $848,446.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.30% of the company’s stock.

Institutional Trading of M.D.C.

Several institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC acquired a new position in shares of M.D.C. in the 4th quarter valued at $263,371,000. Vanguard Group Inc. increased its holdings in shares of M.D.C. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 7,043,852 shares of the construction company’s stock valued at $389,173,000 after acquiring an additional 59,151 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of M.D.C. by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,653,841 shares of the construction company’s stock valued at $312,377,000 after acquiring an additional 98,369 shares during the period. State Street Corp increased its holdings in shares of M.D.C. by 3.8% in the 2nd quarter. State Street Corp now owns 2,576,453 shares of the construction company’s stock valued at $120,501,000 after acquiring an additional 94,919 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of M.D.C. by 60.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,492,733 shares of the construction company’s stock valued at $137,723,000 after acquiring an additional 940,810 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

M.D.C. Company Profile

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.