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. “
A number of other research analysts also recently weighed in on MDC. Argus reissued a hold rating on shares of M.D.C. Holdings in a research note on Tuesday, July 5th. Citigroup Inc. lifted their price target on M.D.C. Holdings from $27.00 to $29.00 and gave the stock a buy rating in a research report on Friday, August 5th. Deutsche Bank AG downgraded M.D.C. Holdings from a buy rating to a hold rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Monday, August 8th. Finally, Wells Fargo & Co. began coverage on M.D.C. Holdings in a research report on Wednesday, September 28th. They issued a market perform rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. M.D.C. Holdings currently has an average rating of Hold and an average price target of $27.25.
Shares of M.D.C. Holdings (NYSE:MDC) opened at 24.11 on Tuesday. The stock’s 50 day moving average price is $25.37 and its 200-day moving average price is $24.89. M.D.C. Holdings has a 12 month low of $19.28 and a 12 month high of $28.93. The firm has a market capitalization of $1.18 billion, a PE ratio of 16.07 and a beta of 1.64.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. M.D.C. Holdings had a return on equity of 6.09% and a net margin of 3.62%. The business had revenue of $571.20 million for the quarter, compared to the consensus estimate of $535.12 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that M.D.C. Holdings will post $2.11 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in MDC. Oppenheimer & Co. Inc. raised its stake in shares of M.D.C. Holdings by 0.7% in the second quarter. Oppenheimer & Co. Inc. now owns 32,676 shares of the company’s stock valued at $795,000 after buying an additional 225 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of M.D.C. Holdings by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,005 shares of the company’s stock valued at $2,020,000 after buying an additional 243 shares during the last quarter. Arizona State Retirement System raised its stake in shares of M.D.C. Holdings by 1.8% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the company’s stock valued at $497,000 after buying an additional 367 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of M.D.C. Holdings by 3.9% in the third quarter. Capstone Asset Management Co. now owns 12,383 shares of the company’s stock valued at $319,000 after buying an additional 470 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of M.D.C. Holdings by 3.3% in the second quarter. BlackRock Advisors LLC now owns 18,558 shares of the company’s stock valued at $452,000 after buying an additional 590 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.
M.D.C. Holdings Company Profile
M.DC Holdings, Inc is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.
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