Sawtooth Solutions LLC Has $1.08 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Sawtooth Solutions LLC lowered its holdings in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,480 shares of the utilities provider’s stock after selling 5,904 shares during the period. Sawtooth Solutions LLC’s holdings in MDU Resources Group were worth $1,079,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MDU. Comprehensive Financial Consultants Institutional Inc. bought a new stake in MDU Resources Group in the 4th quarter valued at about $27,000. City State Bank bought a new stake in MDU Resources Group in the 4th quarter valued at about $30,000. Cyrus J. Lawrence LLC bought a new stake in MDU Resources Group in the 1st quarter valued at about $30,000. Westside Investment Management Inc. boosted its holdings in MDU Resources Group by 367.4% in the 1st quarter. Westside Investment Management Inc. now owns 1,318 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,036 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in MDU Resources Group by 28.9% in the 1st quarter. Fifth Third Bancorp now owns 1,880 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 422 shares during the period. Institutional investors own 71.32% of the company’s stock.

Analyst Ratings Changes

MDU has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of MDU Resources Group to $31.00 in a report on Monday, August 15th. Bank of America downgraded shares of MDU Resources Group from a “buy” rating to a “neutral” rating and upped their price target for the stock from $29.00 to $30.00 in a report on Friday, August 5th.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $29.71 on Friday. The company has a 50 day moving average of $29.34 and a 200-day moving average of $27.53. MDU Resources Group, Inc. has a 1-year low of $24.92 and a 1-year high of $32.19. The company has a current ratio of 1.35, a quick ratio of 1.06 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.04 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72.

MDU Resources Group (NYSE:MDUGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.16). MDU Resources Group had a return on equity of 9.74% and a net margin of 5.32%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company posted $0.50 EPS. The business’s revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that MDU Resources Group, Inc. will post 1.85 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 8th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 7th. MDU Resources Group’s payout ratio is 54.04%.

MDU Resources Group Profile

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MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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