Analysts Set M.D.C. Holdings Inc. (MDC) PT at $26.50
M.D.C. Holdings Inc. (NYSE:MDC) has earned an average rating of “Hold” from the ten analysts that are covering the stock. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.75.
Several research firms have recently commented on MDC. Evercore ISI began coverage on shares of M.D.C. Holdings in a report on Monday, November 14th. They issued a “hold” rating and a $28.00 price objective on the stock. Zacks Investment Research downgraded shares of M.D.C. Holdings from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. Wells Fargo & Co. assumed coverage on shares of M.D.C. Holdings in a report on Wednesday, September 28th. They set a “market perform” rating on the stock. Deutsche Bank AG downgraded shares of M.D.C. Holdings from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Monday, August 8th. Finally, Citigroup Inc. increased their price target on shares of M.D.C. Holdings from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, August 5th.
Shares of M.D.C. Holdings (NYSE:MDC) opened at 26.34 on Thursday. The firm has a 50-day moving average of $24.37 and a 200 day moving average of $24.69. The stock has a market cap of $1.29 billion, a PE ratio of 15.14 and a beta of 1.38. M.D.C. Holdings has a 52 week low of $19.28 and a 52 week high of $27.59.
M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by $0.08. The business earned $578 million during the quarter, compared to analysts’ expectations of $636.16 million. M.D.C. Holdings had a net margin of 3.94% and a return on equity of 6.72%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, equities analysts forecast that M.D.C. Holdings will post $2.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, November 7th. M.D.C. Holdings’s payout ratio is 14.29%.
Institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of M.D.C. Holdings by 17.6% in the second quarter. FMR LLC now owns 4,237,352 shares of the company’s stock worth $103,138,000 after buying an additional 635,028 shares during the period. BlackRock Fund Advisors boosted its stake in shares of M.D.C. Holdings by 0.4% in the third quarter. BlackRock Fund Advisors now owns 3,523,735 shares of the company’s stock worth $90,912,000 after buying an additional 15,451 shares during the period. Vanguard Group Inc. boosted its stake in shares of M.D.C. Holdings by 12.3% in the second quarter. Vanguard Group Inc. now owns 3,155,704 shares of the company’s stock worth $76,810,000 after buying an additional 346,293 shares during the period. Brandes Investment Partners LP boosted its stake in shares of M.D.C. Holdings by 0.5% in the second quarter. Brandes Investment Partners LP now owns 1,366,346 shares of the company’s stock worth $33,257,000 after buying an additional 6,644 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of M.D.C. Holdings by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,338,468 shares of the company’s stock worth $33,542,000 after buying an additional 24,507 shares during the period. 78.90% of the stock is currently owned by institutional investors and hedge funds.
M.D.C. Holdings Company Profile
M.DC Holdings, Inc is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.
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