Walthausen & Co. LLC cut its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,016 shares of the construction company’s stock after selling 21,690 shares during the quarter. Walthausen & Co. LLC owned approximately 0.40% of M.D.C. Holdings worth $7,314,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDC. BlackRock Inc. lifted its position in M.D.C. Holdings by 61,394.6% during the 1st quarter. BlackRock Inc. now owns 5,836,452 shares of the construction company’s stock worth $175,386,000 after buying an additional 5,826,961 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of M.D.C. Holdings by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock worth $153,611,000 after purchasing an additional 561,481 shares during the last quarter. State Street Corp increased its stake in shares of M.D.C. Holdings by 19.8% during the 1st quarter. State Street Corp now owns 1,494,833 shares of the construction company’s stock worth $44,919,000 after purchasing an additional 247,408 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of M.D.C. Holdings by 80,713.5% during the 2nd quarter. Federated Investors Inc. PA now owns 244,865 shares of the construction company’s stock worth $8,651,000 after purchasing an additional 244,562 shares during the last quarter. Finally, FMR LLC increased its stake in shares of M.D.C. Holdings by 4.8% during the 1st quarter. FMR LLC now owns 5,358,020 shares of the construction company’s stock worth $161,008,000 after purchasing an additional 243,185 shares during the last quarter. 81.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of M.D.C. Holdings, Inc. (MDC) traded up 0.48% on Wednesday, hitting $35.43. 70,399 shares of the company’s stock were exchanged. M.D.C. Holdings, Inc. has a 12 month low of $21.25 and a 12 month high of $36.92. The firm has a market cap of $1.84 billion, a P/E ratio of 15.01 and a beta of 1.34. The stock’s 50 day moving average is $32.14 and its 200 day moving average is $33.08.

M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $648.97 million during the quarter, compared to the consensus estimate of $623.95 million. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts predict that M.D.C. Holdings, Inc. will post $2.67 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Bank of America Corporation restated an “underperform” rating and set a $27.00 price objective (up from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Deutsche Bank AG boosted their price objective on shares of M.D.C. Holdings from $27.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.00.

In other news, Director David E. Blackford sold 26,250 shares of M.D.C. Holdings 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 owns 40,928 shares in the company, valued at $1,477,910.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.30% of the stock is owned by company insiders.

M.D.C. Holdings Profile

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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