Wall Street analysts expect that M.D.C. Holdings, Inc. (NYSE:MDC) will post sales of $593.09 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for M.D.C. Holdings’ earnings, with estimates ranging from $583.78 million to $600.20 million. M.D.C. Holdings reported sales of $595.42 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The business is expected to issue its next earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that M.D.C. Holdings will report full year sales of $593.09 million for the current financial year, with estimates ranging from $2.55 billion to $2.63 billion. For the next financial year, analysts expect that the company will report sales of $2.79 billion per share, with estimates ranging from $2.67 billion to $2.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for M.D.C. Holdings.

M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. The business had revenue of $648.97 million for the quarter, compared to the consensus estimate of $623.95 million. During the same period in the prior year, the company posted $0.55 earnings per share. M.D.C. Holdings’s revenue was up 13.6% compared to the same quarter last year.

A number of brokerages recently issued reports on MDC. BidaskClub upgraded 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 issued 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 cut 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 M.D.C. Holdings from $27.00 to $33.00 and gave the company 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 investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.00.

In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of M.D.C. Holdings stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total transaction of $947,887.50. Following the completion of the transaction, the director now owns 40,928 shares of the company’s stock, valued at approximately $1,477,910.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 25.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Winslow Evans & Crocker Inc. grew its holdings in M.D.C. Holdings by 34.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock valued at $139,000 after buying an additional 1,026 shares in the last quarter. BlackRock Inc. grew its holdings 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 valued at $175,386,000 after buying an additional 5,826,961 shares in the last quarter. Federated Investors Inc. PA grew its holdings in 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 valued at $8,651,000 after buying an additional 244,562 shares in the last quarter. HighTower Advisors LLC grew its holdings in M.D.C. Holdings by 11.4% during the 1st quarter. HighTower Advisors LLC now owns 9,311 shares of the construction company’s stock valued at $274,000 after buying an additional 951 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in M.D.C. Holdings by 41.0% during the 2nd quarter. First Trust Advisors LP now owns 147,731 shares of the construction company’s stock valued at $5,219,000 after buying an additional 42,969 shares in the last quarter. 81.62% of the stock is owned by institutional investors and hedge funds.

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M.D.C. Holdings (NYSE MDC) remained flat at $35.60 during trading on Thursday. 313,889 shares of the stock traded hands. The company has a market cap of $1.85 billion, a P/E ratio of 15.08 and a beta of 1.33. The company has a 50-day moving average price of $32.57 and a 200 day moving average price of $33.21. M.D.C. Holdings has a one year low of $22.31 and a one year high of $36.92.

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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