Parametrica Management Ltd bought a new position in M.D.C. Holdings, Inc. (NYSE:MDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,572 shares of the construction company’s stock, valued at approximately $285,000.
Other large investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its stake in shares of M.D.C. Holdings by 34.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock worth $139,000 after buying an additional 1,026 shares during the last quarter. Amalgamated Bank purchased a new stake in M.D.C. Holdings during the 2nd quarter valued at $202,000. Parsec Financial Management Inc. purchased a new stake in M.D.C. Holdings during the 2nd quarter valued at $208,000. Capital Fund Management S.A. purchased a new stake in M.D.C. Holdings during the 2nd quarter valued at $223,000. Finally, HighTower Advisors LLC lifted its holdings in shares of M.D.C. Holdings by 11.4% during the 1st quarter. HighTower Advisors LLC now owns 9,311 shares of the construction company’s stock valued at $274,000 after buying an additional 951 shares during the period. 80.19% of the stock is owned by hedge funds and other institutional investors.
MDC has been the topic of a number of recent research reports. Zacks Investment Research cut M.D.C. Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a research report on Friday, August 25th. BidaskClub lowered M.D.C. Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG raised their price objective on M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine lowered M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. M.D.C. Holdings has a consensus rating of “Hold” and a consensus target price of $30.33.
M.D.C. Holdings, Inc. (NYSE MDC) opened at $33.00 on Friday. M.D.C. Holdings, Inc. has a 1-year low of $24.79 and a 1-year high of $37.45. The company has a quick ratio of 2.60, a current ratio of 9.45 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1,714.12, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38.
M.D.C. Holdings (NYSE:MDC) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.61 by $0.55. The company had revenue of $586.30 million for the quarter, compared to analyst estimates of $595.05 million. M.D.C. Holdings had a net margin of 6.09% and a return on equity of 11.66%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. sell-side analysts anticipate that M.D.C. Holdings, Inc. will post 2.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.03%. M.D.C. Holdings’s dividend payout ratio (DPR) is currently 33.22%.
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About M.D.C. Holdings
M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.
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