M.D.C. Holdings (NYSE: MDC) has recently received a number of price target changes and ratings updates:

  • 8/30/2017 – M.D.C. Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “M.D.C. HOLDINGS, INC. is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. They are also is involved in real estate brokerage, property management, condominium conversions and fee construction of apartment and commercial buildings. “
  • 8/30/2017 – M.D.C. Holdings was upgraded by analysts at Wells Fargo & Company from an “underperform” rating to a “market perform” rating. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/25/2017 – M.D.C. Holdings had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/23/2017 – M.D.C. Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2017 – M.D.C. Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “M.D.C. HOLDINGS, INC. is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. They are also is involved in real estate brokerage, property management, condominium conversions and fee construction of apartment and commercial buildings. “
  • 8/3/2017 – M.D.C. Holdings had its price target raised by analysts at Deutsche Bank AG from $27.00 to $33.00. They now have a “hold” rating on the stock.
  • 7/31/2017 – M.D.C. Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – M.D.C. Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of M.D.C. Holdings, Inc. (NYSE MDC) traded up 0.58% during mid-day trading on Monday, hitting $31.43. The stock had a trading volume of 718,461 shares. The stock has a market cap of $1.63 billion, a P/E ratio of 13.32 and a beta of 1.35. M.D.C. Holdings, Inc. has a 52 week low of $21.25 and a 52 week high of $36.92. The stock has a 50-day moving average price of $33.57 and a 200 day moving average price of $32.51.

M.D.C. Holdings (NYSE:MDC) last released its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $648.97 million during the quarter, compared to analyst estimates of $623.95 million. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts forecast that M.D.C. Holdings, Inc. will post $2.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Monday, August 7th.

In other news, Director David E. Blackford sold 26,250 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $36.11, for a total transaction of $947,887.50. Following the transaction, the director now owns 40,928 shares in the company, valued at approximately $1,477,910.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 25.30% of the stock is owned by insiders.

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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