MDC Holdings (MDC) Director Sells 4,644 Shares

MDC Holdings (NYSE:MDC) Director Herbert T. Buchwald sold 4,644 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $29.84, for a total value of $138,576.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Herbert T. Buchwald also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Friday, December 15th, Herbert T. Buchwald sold 28,350 shares of MDC stock. The stock was sold at an average price of $31.52, for a total value of $893,592.00.

MDC stock opened at $28.82 on Friday. MDC Holdings has a twelve month low of $26.45 and a twelve month high of $37.45. The company has a quick ratio of 3.34, a current ratio of 10.01 and a debt-to-equity ratio of 0.78. The company has a market cap of $1,655.64, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.63 and a beta of 1.47.

MDC (NYSE:MDC) last posted its quarterly earnings data on Thursday, February 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.25). MDC had a return on equity of 11.00% and a net margin of 5.50%. The company had revenue of $704.26 million for the quarter, compared to analyst estimates of $722.48 million. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. research analysts forecast that MDC Holdings will post 2.98 EPS for the current year.

A number of research analysts have recently commented on MDC shares. Zacks Investment Research upgraded MDC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, March 20th. UBS upgraded MDC from a “sell” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, March 13th. ValuEngine upgraded MDC from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Wedbush started coverage on MDC in a research note on Monday, March 19th. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Raymond James Financial upgraded MDC from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Tuesday, February 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. MDC currently has a consensus rating of “Hold” and an average price target of $32.50.

A number of hedge funds have recently modified their holdings of MDC. Parsec Financial Management Inc. acquired a new position in MDC during the fourth quarter worth $203,000. Amalgamated Bank acquired a new position in MDC during the fourth quarter worth $207,000. Quantitative Systematic Strategies LLC acquired a new position in MDC during the fourth quarter worth $260,000. Sawgrass Asset Management LLC acquired a new position in MDC during the third quarter worth $262,000. Finally, Meadow Creek Investment Management LLC raised its holdings in MDC by 46.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,344 shares of the construction company’s stock worth $266,000 after purchasing an additional 2,660 shares during the last quarter. 94.31% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/m-d-c-holdings-inc-mdc-director-herbert-t-buchwald-sells-4644-shares.html.

About MDC

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.

Insider Buying and Selling by Quarter for MDC (NYSE:MDC)

Receive News & Ratings for MDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply