MDU Resources Group (NYSE:MDU) Reaches New 52-Week Low – Here’s Why

MDU Resources Group, Inc. (NYSE:MDU)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $15.89 and last traded at $15.89, with a volume of 170628 shares traded. The stock had previously closed at $28.85.

Analyst Ratings Changes

A number of research analysts recently commented on MDU shares. Bank of America reissued a “neutral” rating and issued a $31.00 price target (up previously from $30.00) on shares of MDU Resources Group in a report on Monday, October 21st. StockNews.com assumed coverage on MDU Resources Group in a research note on Monday, October 28th. They set a “hold” rating on the stock.

MDU Resources Group Price Performance

The business has a 50-day simple moving average of $27.00 and a two-hundred day simple moving average of $25.81. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 2.71 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. As a group, research analysts predict that MDU Resources Group, Inc. will post 1.57 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were issued a dividend of $12.875 per share. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group’s dividend payout ratio is currently 26.00%.

Institutional Trading of MDU Resources Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of MDU Resources Group in the third quarter valued at about $25,000. Atlas Capital Advisors LLC acquired a new position in MDU Resources Group during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of MDU Resources Group during the 3rd quarter worth about $40,000. Northwestern Mutual Wealth Management Co. grew its position in MDU Resources Group by 23.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after buying an additional 413 shares in the last quarter. Finally, Blue Trust Inc. grew its position in MDU Resources Group by 238.1% during the third quarter. Blue Trust Inc. now owns 2,935 shares of the utilities provider’s stock worth $74,000 after buying an additional 2,067 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.