Shares of M.D.C. Holdings, Inc. (NYSE:MDC) have earned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $33.83.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded M.D.C. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Bank of America set a $34.00 target price on M.D.C. and gave the company a “buy” rating in a research note on Thursday, October 11th. ValuEngine upgraded M.D.C. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Wedbush upped their target price on M.D.C. from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 12th. Finally, JPMorgan Chase & Co. lowered M.D.C. from a “neutral” rating to an “underweight” rating and cut their target price for the company from $38.00 to $32.00 in a research note on Friday, September 21st.
Shares of MDC stock traded down $0.32 during trading hours on Friday, reaching $30.59. 1,039 shares of the company’s stock were exchanged, compared to its average volume of 558,675. M.D.C. has a fifty-two week low of $25.14 and a fifty-two week high of $35.18. The firm has a market cap of $1.75 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.46 and a beta of 1.25. The company has a quick ratio of 2.45, a current ratio of 9.55 and a debt-to-equity ratio of 0.70.
M.D.C. (NYSE:MDC) last issued its earnings results on Thursday, November 1st. The construction company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). The firm had revenue of $766.03 million during the quarter, compared to analyst estimates of $778.62 million. M.D.C. had a net margin of 6.21% and a return on equity of 12.96%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, equities analysts predict that M.D.C. will post 3.88 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in M.D.C. by 0.7% during the third quarter. BlackRock Inc. now owns 7,983,118 shares of the construction company’s stock worth $236,141,000 after acquiring an additional 56,428 shares in the last quarter. Vanguard Group Inc raised its stake in M.D.C. by 1.1% during the third quarter. Vanguard Group Inc now owns 5,408,996 shares of the construction company’s stock worth $159,998,000 after acquiring an additional 57,224 shares in the last quarter. Vanguard Group Inc. raised its stake in M.D.C. by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,408,996 shares of the construction company’s stock worth $159,998,000 after acquiring an additional 57,224 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of M.D.C. by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,746,582 shares of the construction company’s stock worth $140,404,000 after purchasing an additional 21,545 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of M.D.C. by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,165,818 shares of the construction company’s stock worth $34,486,000 after purchasing an additional 28,974 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.
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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