M.D.C. Holdings, Inc. (NYSE:MDC) Director David E. Blackford Sells 6,200 Shares

M.D.C. Holdings, Inc. (NYSE:MDCGet Free Report) Director David E. Blackford sold 6,200 shares of the business’s stock in a transaction 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 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.

M.D.C. Stock Up 0.0 %

MDC traded up $0.03 during trading on Monday, reaching $62.71. 1,554,585 shares of the stock were exchanged, compared to its average volume of 1,795,423. The stock has a market cap of $4.71 billion, a P/E ratio of 11.87 and a beta of 1.54. M.D.C. Holdings, Inc. has a twelve month low of $34.95 and a twelve month high of $63.00. The stock’s 50 day moving average price is $60.35 and its two-hundred day moving average price is $50.02. 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. (NYSE:MDCGet Free Report) last released 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Equities analysts expect that M.D.C. Holdings, Inc. will post 5.38 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. Shareholders of record on Wednesday, February 7th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.20 annualized dividend and a dividend yield of 3.51%. M.D.C.’s dividend payout ratio is currently 41.67%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James reissued a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. StockNews.com assumed coverage on shares of M.D.C. in a report on Sunday. They set a “hold” rating on the stock. Finally, Evercore ISI downgraded shares of M.D.C. from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $57.00 to $63.00 in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, M.D.C. currently has an average rating of “Hold” and a consensus price target of $52.13.

Check Out Our Latest Stock Report on M.D.C.

Hedge Funds Weigh In On M.D.C.

Several institutional investors and hedge funds 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 fourth quarter valued at $263,371,000. Vanguard Group Inc. boosted its position in shares of M.D.C. by 0.8% in the fourth 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 boosted its position in shares of M.D.C. by 1.8% in the fourth 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 boosted its position in shares of M.D.C. by 3.8% in the second 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. boosted its position in shares of M.D.C. by 60.6% in the fourth 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. 88.08% of the stock is currently owned by institutional investors and hedge funds.

About M.D.C.

(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.

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Insider Buying and Selling by Quarter for M.D.C. (NYSE:MDC)

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