Crossmark Global Holdings Inc. purchased a new position in M.D.C. Holdings, Inc. (NYSE:MDC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,208 shares of the construction company’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds have also made changes to their positions in MDC. Amalgamated Bank purchased a new stake in shares of M.D.C. Holdings in the 2nd quarter worth approximately $202,000. Parsec Financial Management Inc. purchased a new stake in shares of M.D.C. Holdings in the 2nd quarter worth approximately $208,000. Capital Fund Management S.A. bought a new position in shares of M.D.C. Holdings during the 2nd quarter worth approximately $223,000. HighTower Advisors LLC raised its stake in shares of 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 worth $274,000 after acquiring an additional 951 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of M.D.C. Holdings by 78.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,138 shares of the construction company’s stock worth $287,000 after acquiring an additional 3,576 shares in the last quarter. 80.73% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. UBS AG assumed coverage on shares of M.D.C. Holdings in a research note on Wednesday, October 25th. They set a “sell” rating and a $34.00 price objective for the company. BidaskClub lowered shares of M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. 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. 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. Finally, Citigroup Inc. reduced their price objective on shares of M.D.C. Holdings from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.33.

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M.D.C. Holdings, Inc. (NYSE MDC) opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.60 and a current ratio of 9.45. M.D.C. Holdings, Inc. has a 52 week low of $25.40 and a 52 week high of $37.45. The stock has a market cap of $1,739.58, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38.

M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.55. M.D.C. Holdings had a net margin of 6.09% and a return on equity of 11.66%. The business had revenue of $586.30 million for the quarter, compared to analyst estimates of $595.05 million. During the same quarter in the prior year, the business posted $0.54 EPS. M.D.C. Holdings’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts expect that M.D.C. Holdings, Inc. will post 2.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.95%. M.D.C. Holdings’s payout ratio is 33.22%.

M.D.C. Holdings Company 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.

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

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