Koch Industries Inc. raised its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,505 shares of the construction company’s stock after buying an additional 2,266 shares during the period. Koch Industries Inc.’s holdings in M.D.C. were worth $462,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in M.D.C. by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 32,220 shares of the construction company’s stock valued at $1,138,000 after acquiring an additional 739 shares during the period. Alpha Windward LLC increased its holdings in shares of M.D.C. by 11.6% in the fourth quarter. Alpha Windward LLC now owns 16,200 shares of the construction company’s stock worth $516,000 after purchasing an additional 1,680 shares during the last quarter. American International Group Inc. increased its holdings in shares of M.D.C. by 5.9% in the third quarter. American International Group Inc. now owns 32,936 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 1,825 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of M.D.C. by 4.3% in the third quarter. New York State Common Retirement Fund now owns 46,104 shares of the construction company’s stock worth $1,531,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Capital Fund Management S.A. increased its holdings in shares of M.D.C. by 10.8% in the fourth quarter. Capital Fund Management S.A. now owns 20,600 shares of the construction company’s stock worth $657,000 after purchasing an additional 2,000 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of M.D.C. Holdings, Inc. (NYSE:MDC) opened at $28.18 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.34 and a current ratio of 10.01. M.D.C. Holdings, Inc. has a 52 week low of $26.94 and a 52 week high of $37.45. The firm has a market capitalization of $1,581.55, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.47.
M.D.C. (NYSE:MDC) last issued its quarterly earnings data on Thursday, February 1st. The construction company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.25). M.D.C. 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 the consensus estimate of $722.48 million. During the same period in the previous year, the firm earned $0.78 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. equities analysts predict that M.D.C. Holdings, Inc. will post 2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.30 per share. This is a boost from M.D.C.’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, February 6th. M.D.C.’s payout ratio is presently 48.10%.
In other M.D.C. news, Director Herbert T. Buchwald sold 28,350 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.52, for a total transaction of $893,592.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David E. Blackford sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $28.18, for a total value of $70,450.00. The disclosure for this sale can be found here. Insiders own 25.30% of the company’s stock.
Several equities research analysts have recently issued reports on MDC shares. UBS Group raised M.D.C. from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 13th. Zacks Investment Research cut M.D.C. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Bank of America lifted their target price on M.D.C. from $31.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday, February 2nd. ValuEngine raised M.D.C. from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Raymond James Financial raised M.D.C. from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Tuesday, February 13th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.71.
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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