Signition LP acquired a new stake in MDU Resources Group Inc (NYSE:MDU) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 8,057 shares of the utilities provider’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MDU. Whittier Trust Co. bought a new position in MDU Resources Group in the 2nd quarter valued at $105,000. Bruderman Asset Management LLC lifted its stake in shares of MDU Resources Group by 374.0% in the 2nd quarter. Bruderman Asset Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $153,000 after purchasing an additional 4,207 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $224,000. Itau Unibanco Holding S.A. acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $226,000. Finally, Oakbrook Investments LLC lifted its stake in shares of MDU Resources Group by 35.4% in the 3rd quarter. Oakbrook Investments LLC now owns 12,249 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 3,200 shares during the period. Hedge funds and other institutional investors own 64.55% of the company’s stock.
MDU has been the topic of a number of analyst reports. Citigroup increased their price target on MDU Resources Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. KeyCorp increased their price target on MDU Resources Group from $29.00 to $30.00 and gave the company a “$29.34” rating in a research note on Thursday, July 19th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.25.
MDU stock opened at $25.91 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market capitalization of $5.00 billion, a PE ratio of 20.73, a P/E/G ratio of 2.84 and a beta of 0.52. MDU Resources Group Inc has a twelve month low of $24.29 and a twelve month high of $29.62.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). The company had revenue of $1.28 billion during the quarter. MDU Resources Group had a net margin of 6.88% and a return on equity of 11.05%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, analysts expect that MDU Resources Group Inc will post 1.38 earnings per share for the current fiscal year.
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About MDU Resources Group
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
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