M.D.C. Holdings, Inc. (NYSE:MDC) Director David E. Blackford Sells 6,200 Shares

M.D.C. Holdings, Inc. (NYSE:MDCGet Free Report) Director David E. Blackford sold 6,200 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.69, for a total value of $388,678.00. Following the completion of the sale, the director now owns 13,534 shares of the company’s stock, valued at approximately $848,446.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

M.D.C. Stock Up 0.0 %

MDC stock opened at $62.71 on Tuesday. The business has a 50-day moving average of $60.50 and a 200-day moving average of $50.14. M.D.C. Holdings, Inc. has a fifty-two week low of $34.95 and a fifty-two week high of $63.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 9.76 and a quick ratio of 3.92. The stock has a market capitalization of $4.71 billion, a P/E ratio of 11.88 and a beta of 1.54.

M.D.C. (NYSE:MDCGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.50 by $0.06. M.D.C. had a return on equity of 12.32% and a net margin of 8.64%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that M.D.C. Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

M.D.C. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.20 annualized dividend and a yield of 3.51%. M.D.C.’s dividend payout ratio (DPR) is presently 41.67%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com began coverage on M.D.C. in a report on Sunday. They issued a “hold” rating for the company. Evercore ISI downgraded M.D.C. from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $57.00 to $63.00 in a report on Wednesday, January 31st. Finally, Raymond James restated a “market perform” rating on shares of M.D.C. in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.13.

Get Our Latest Report on MDC

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in M.D.C. by 74.6% in the first quarter. JPMorgan Chase & Co. now owns 258,677 shares of the construction company’s stock valued at $9,789,000 after buying an additional 110,564 shares during the period. Citigroup Inc. raised its stake in M.D.C. by 0.7% in the first quarter. Citigroup Inc. now owns 84,150 shares of the construction company’s stock valued at $3,184,000 after buying an additional 568 shares during the period. D.A. Davidson & CO. raised its stake in M.D.C. by 21.6% in the first quarter. D.A. Davidson & CO. now owns 6,200 shares of the construction company’s stock valued at $235,000 after buying an additional 1,100 shares during the period. MetLife Investment Management LLC raised its stake in M.D.C. by 57.6% in the first quarter. MetLife Investment Management LLC now owns 30,993 shares of the construction company’s stock valued at $1,173,000 after buying an additional 11,325 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in M.D.C. by 14.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,738 shares of the construction company’s stock valued at $1,844,000 after buying an additional 6,003 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.

About M.D.C.

(Get Free Report)

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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Insider Buying and Selling by Quarter for M.D.C. (NYSE:MDC)

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