Wetzel Investment Advisors Inc. Acquires Shares of 3,300 M.D.C. Holdings, Inc. (NYSE:MDC)

Wetzel Investment Advisors Inc. acquired a new stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,300 shares of the construction company’s stock, valued at approximately $182,000.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in M.D.C. during the fourth quarter valued at $25,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of M.D.C. during the fourth quarter valued at $25,000. Ronald Blue Trust Inc. lifted its holdings in shares of M.D.C. by 100.0% during the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of M.D.C. during the third quarter valued at $29,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of M.D.C. during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDC. Raymond James reaffirmed a “market perform” rating on shares of M.D.C. in a report on Wednesday, February 7th. StockNews.com initiated coverage on M.D.C. in a report on Friday. They set a “hold” rating on the stock. Finally, Evercore ISI downgraded M.D.C. from an “outperform” rating to an “in-line” rating and increased their target price for the company from $57.00 to $63.00 in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.13.

Insider Buying and Selling

In related news, Director David E. Blackford sold 6,200 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 directly owns 13,534 shares of the company’s stock, valued at approximately $848,446.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.30% of the stock is owned by corporate insiders.

M.D.C. Price Performance

NYSE MDC remained flat at $62.98 during trading on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 11.93 and a beta of 1.54. The firm’s fifty day moving average price is $62.72 and its 200-day moving average price is $53.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.92 and a current ratio of 9.76. M.D.C. Holdings, Inc. has a 12 month low of $36.47 and a 12 month high of $63.00.

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

M.D.C. 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.