PNC Financial Services Group Inc. boosted its stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,818 shares of the construction company’s stock after purchasing an additional 709 shares during the period. PNC Financial Services Group Inc.’s holdings in M.D.C. Holdings were worth $381,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in M.D.C. Holdings by 1.3% during the second quarter. Janney Montgomery Scott LLC now owns 12,716 shares of the construction company’s stock worth $449,000 after purchasing an additional 168 shares during the period. Capstone Asset Management Co. raised its stake in M.D.C. Holdings by 1.4% during the second quarter. Capstone Asset Management Co. now owns 16,258 shares of the construction company’s stock worth $574,000 after purchasing an additional 220 shares during the period. Texas Permanent School Fund raised its stake in M.D.C. Holdings by 0.7% during the second quarter. Texas Permanent School Fund now owns 30,116 shares of the construction company’s stock worth $1,064,000 after purchasing an additional 221 shares during the period. Arizona State Retirement System raised its stake in M.D.C. Holdings by 1.4% during the first quarter. Arizona State Retirement System now owns 21,510 shares of the construction company’s stock worth $646,000 after purchasing an additional 300 shares during the period. Finally, Legal & General Group Plc raised its stake in M.D.C. Holdings by 0.6% during the first quarter. Legal & General Group Plc now owns 71,439 shares of the construction company’s stock worth $2,146,000 after purchasing an additional 422 shares during the period. 81.62% of the stock is currently owned by institutional investors.

In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of M.D.C. Holdings stock in a transaction that occurred on 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 sale, the director now directly 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 this hyperlink. 25.30% of the stock is owned by insiders.

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M.D.C. Holdings, Inc. (NYSE MDC) opened at 35.96 on Thursday. The stock has a market cap of $1.87 billion, a P/E ratio of 15.24 and a beta of 1.34. M.D.C. Holdings, Inc. has a 52 week low of $22.31 and a 52 week high of $36.92. The stock has a 50 day moving average of $32.94 and a 200-day moving average of $33.31.

M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm 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 company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Analysts forecast that M.D.C. Holdings, Inc. will post $2.67 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. BidaskClub raised 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 reaffirmed an “underperform” rating and set a $27.00 price target (up previously from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. Zacks Investment Research downgraded 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 increased their price target 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 reaffirmed a “hold” rating on shares of M.D.C. Holdings in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. M.D.C. Holdings currently has an average rating of “Hold” and an average price target of $29.00.

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.

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

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