Federated Investors Inc. PA increased its position in M.D.C. Holdings, Inc. (NYSE:MDC) by 80,713.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,865 shares of the construction company’s stock after buying an additional 244,562 shares during the period. Federated Investors Inc. PA owned about 0.47% of M.D.C. Holdings worth $8,651,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of M.D.C. Holdings by 15.1% in the fourth quarter. Teachers Advisors LLC now owns 80,901 shares of the construction company’s stock worth $2,076,000 after buying an additional 10,636 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of M.D.C. Holdings by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 16,864 shares of the construction company’s stock worth $507,000 after buying an additional 299 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of M.D.C. Holdings by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,562 shares of the construction company’s stock worth $137,000 after buying an additional 100 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of M.D.C. Holdings by 33.4% in the first quarter. Fisher Asset Management LLC now owns 77,146 shares of the construction company’s stock worth $2,318,000 after buying an additional 19,296 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of M.D.C. Holdings by 18.8% in the first quarter. Glen Harbor Capital Management LLC now owns 3,876 shares of the construction company’s stock worth $116,000 after buying an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Shares of M.D.C. Holdings, Inc. (NYSE:MDC) opened at 30.72 on Wednesday. M.D.C. Holdings, Inc. has a 12 month low of $21.25 and a 12 month high of $36.92. The firm’s 50-day moving average price is $34.24 and its 200-day moving average price is $32.38. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.02 and a beta of 1.36.

M.D.C. Holdings (NYSE:MDC) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $648.97 million during the quarter, compared to analysts’ expectations of $623.95 million. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Equities research analysts expect that M.D.C. Holdings, Inc. will post $2.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $0.25 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 3.26%.

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MDC has been the subject of a number of research analyst reports. Citigroup Inc. lowered M.D.C. Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. Wells Fargo & Company lowered M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 16th. Zacks Investment Research lowered M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Bank of America Corporation reissued an “underperform” rating and set a $27.00 price target (up from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. Finally, BidaskClub raised M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Sell” and a consensus price target of $31.20.

In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $36.11, for a total value of $947,887.50. Following the completion of the transaction, the director now directly owns 40,928 shares of the company’s stock, valued at approximately $1,477,910.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 25.30% of the company’s stock.

About M.D.C. Holdings

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

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Institutional Ownership by Quarter for M.D.C. Holdings (NYSE:MDC)

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