M.D.C. (NYSE:MDC) Sees Unusually-High Trading Volume

M.D.C. Holdings, Inc. (NYSE:MDCGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 632,013 shares traded hands during mid-day trading, a decline of 64% from the previous session’s volume of 1,745,907 shares.The stock last traded at $62.91 and had previously closed at $62.97.

Analyst Upgrades and Downgrades

MDC has been the subject of a number of research reports. Evercore ISI downgraded M.D.C. from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $57.00 to $63.00 in a research report on Wednesday, January 31st. StockNews.com began coverage on M.D.C. in a report on Wednesday. They set a “hold” rating for the company. Finally, Raymond James restated a “market perform” rating on shares of M.D.C. in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.13.

Get Our Latest Report on M.D.C.

M.D.C. Price Performance

The business has a fifty day moving average of $62.63 and a 200 day moving average of $52.13. 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 stock has a market cap of $4.72 billion, a PE ratio of 11.92 and a beta of 1.54.

M.D.C. (NYSE:MDCGet Free Report) last released its earnings results on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.50 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. M.D.C. had a return on equity of 12.32% and a net margin of 8.64%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Sell-side analysts anticipate that M.D.C. Holdings, Inc. will post 5.38 earnings per share for the current year.

M.D.C. Announces Dividend

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

Insider Activity

In other M.D.C. news, Director David E. Blackford sold 6,200 shares of the company’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 sale, the director now owns 13,534 shares in the company, valued at $848,446.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.30% of the company’s stock.

Institutional Investors Weigh In On M.D.C.

Institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC bought a new position in shares of M.D.C. during the fourth quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new position in M.D.C. during the 4th quarter worth $25,000. Ronald Blue Trust Inc. increased its position in M.D.C. by 100.0% in the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock worth $26,000 after buying an additional 320 shares during the period. Clear Street Markets LLC bought a new stake in M.D.C. in the third quarter valued at $29,000. Finally, GAMMA Investing LLC acquired a new position in shares of M.D.C. during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

M.D.C. Company Profile

(Get Free Report)

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.

Further Reading

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