MDU Resources Group, Inc. (MDU) CEO David L. Goodin Acquires 5,000 Shares of Stock
MDU Resources Group, Inc. (NYSE:MDU) CEO David L. Goodin purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $25.57 per share, with a total value of $127,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 95,210 shares of the company’s stock, valued at $2,434,519.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
MDU Resources Group, Inc. (NYSE:MDU) opened at 26.14 on Tuesday. MDU Resources Group, Inc. has a one year low of $22.94 and a one year high of $29.92. The company has a 50-day moving average price of $25.99 and a 200-day moving average price of $26.69. The firm has a market capitalization of $5.11 billion, a P/E ratio of 22.73 and a beta of 0.91.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. MDU Resources Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that MDU Resources Group, Inc. will post $1.21 EPS for the current year.
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Large investors have recently bought and sold shares of the company. Creative Planning increased its stake in MDU Resources Group by 46.8% in the first quarter. Creative Planning now owns 11,284 shares of the utilities provider’s stock valued at $309,000 after buying an additional 3,599 shares in the last quarter. Rational Advisors LLC acquired a new stake in MDU Resources Group during the first quarter valued at about $1,396,000. ProShare Advisors LLC increased its stake in MDU Resources Group by 19.5% in the first quarter. ProShare Advisors LLC now owns 331,817 shares of the utilities provider’s stock valued at $9,082,000 after buying an additional 54,216 shares in the last quarter. American International Group Inc. increased its stake in MDU Resources Group by 3.6% in the first quarter. American International Group Inc. now owns 390,430 shares of the utilities provider’s stock valued at $10,686,000 after buying an additional 13,533 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in MDU Resources Group by 13.0% in the first quarter. Capstone Asset Management Co. now owns 22,364 shares of the utilities provider’s stock valued at $612,000 after buying an additional 2,580 shares in the last quarter. Institutional investors own 62.93% of the company’s stock.
A number of equities analysts recently issued reports on MDU shares. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. MDU Resources Group currently has an average rating of “Hold” and an average price target of $32.33.
About MDU Resources Group
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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