M.D.C. Holdings, Inc. (MDC) Given Consensus Recommendation of “Hold” by Analysts

Shares of M.D.C. Holdings, Inc. (NYSE:MDC) have received a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.75.

MDC has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $30.00 price objective on shares of M.D.C. in a research note on Wednesday, May 1st. ValuEngine cut M.D.C. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded M.D.C. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th.

In other M.D.C. news, Chairman Larry A. Mizel sold 35,000 shares of M.D.C. stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.46, for a total transaction of $1,136,100.00. Following the completion of the transaction, the chairman now owns 160,958 shares in the company, valued at $5,224,696.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Siegel sold 24,150 shares of M.D.C. stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $32.33, for a total value of $780,769.50. Following the transaction, the director now owns 3,240 shares of the company’s stock, valued at approximately $104,749.20. The disclosure for this sale can be found here. Insiders have sold 341,209 shares of company stock valued at $10,352,283 in the last quarter. 26.30% of the stock is owned by company insiders.



A number of large investors have recently made changes to their positions in the business. BlueMountain Capital Management LLC purchased a new position in shares of M.D.C. in the first quarter worth $51,000. Penserra Capital Management LLC purchased a new position in shares of M.D.C. in the first quarter worth $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of M.D.C. by 25.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,326 shares of the construction company’s stock worth $93,000 after purchasing an additional 683 shares during the last quarter. Bank of Montreal Can raised its stake in shares of M.D.C. by 14.1% in the fourth quarter. Bank of Montreal Can now owns 4,908 shares of the construction company’s stock worth $138,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of M.D.C. by 7.4% in the first quarter. Riverhead Capital Management LLC now owns 4,806 shares of the construction company’s stock worth $140,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

Shares of NYSE MDC traded up $0.60 during mid-day trading on Thursday, hitting $31.95. 298,000 shares of the stock traded hands, compared to its average volume of 397,138. The company has a quick ratio of 2.19, a current ratio of 8.58 and a debt-to-equity ratio of 0.68. M.D.C. has a 52 week low of $25.14 and a 52 week high of $33.47. The firm has a market capitalization of $1.93 billion, a PE ratio of 8.71, a P/E/G ratio of 1.40 and a beta of 1.33.

M.D.C. (NYSE:MDC) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. The business had revenue of $647.28 million during the quarter, compared to analysts’ expectations of $597.26 million. M.D.C. had a return on equity of 14.20% and a net margin of 6.90%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, research analysts anticipate that M.D.C. will post 3.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, May 14th. M.D.C.’s payout ratio is 32.70%.

M.D.C. Company Profile

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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