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):
- 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.
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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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