MDU Resources Group (NYSE:MDU) Reaches New 52-Week High – Time to Buy?

Shares of MDU Resources Group, Inc. (NYSE:MDU) hit a new 52-week high during trading on Tuesday . The company traded as high as $21.50 and last traded at $21.4640, with a volume of 14603 shares trading hands. The stock had previously closed at $21.40.

Wall Street Analyst Weigh In

MDU has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. Finally, Loop Capital set a $21.00 price objective on MDU Resources Group in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, MDU Resources Group presently has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Price Performance

The business has a 50 day moving average price of $20.62 and a two-hundred day moving average price of $19.96. The stock has a market cap of $4.42 billion, a PE ratio of 23.20, a P/E/G ratio of 3.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, March 12th. MDU Resources Group’s payout ratio is presently 60.22%.

Insider Activity

In related news, Director Charles M. Kelley purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares in the company, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of MDU Resources Group by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock worth $8,453,000 after acquiring an additional 39,978 shares during the period. Quantbot Technologies LP purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at approximately $370,000. EverSource Wealth Advisors LLC lifted its stake in shares of MDU Resources Group by 56.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after buying an additional 904 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of MDU Resources Group by 27.2% during the 2nd quarter. Guggenheim Capital LLC now owns 68,886 shares of the utilities provider’s stock valued at $1,148,000 after buying an additional 14,728 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at approximately $2,117,000. Institutional investors own 71.44% of the company’s stock.

About MDU Resources Group

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.