Nomura Holdings Inc. bought a new position in shares of MDU Resources Group Inc. (NYSE:MDU) during the second quarter, Holdings Channel reports. The firm bought 20,400 shares of the company’s stock, valued at approximately $489,000.
A number of other hedge funds also recently modified their holdings of MDU. Barclays PLC raised its stake in shares of MDU Resources Group by 30.0% in the second quarter. Barclays PLC now owns 4,736 shares of the company’s stock worth $114,000 after buying an additional 1,094 shares in the last quarter. Sei Investments Co. raised its stake in shares of MDU Resources Group by 1,849.4% in the second quarter. Sei Investments Co. now owns 6,004 shares of the company’s stock worth $144,000 after buying an additional 5,696 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of MDU Resources Group during the second quarter worth $149,000. Walleye Trading LLC raised its stake in shares of MDU Resources Group by 3,363.5% in the second quarter. Walleye Trading LLC now owns 6,527 shares of the company’s stock worth $157,000 after buying an additional 6,727 shares in the last quarter. Finally, Van Hulzen Asset Management LLC bought a new stake in shares of MDU Resources Group during the second quarter worth $160,000. Hedge funds and other institutional investors own 63.16% of the company’s stock.
MDU Resources Group Inc. (NYSE:MDU) opened at 25.35 on Wednesday. MDU Resources Group Inc. has a 52 week low of $15.58 and a 52 week high of $25.79. The company’s 50-day moving average is $23.86 and its 200-day moving average is $22.31. The company’s market cap is $4.95 billion.
MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. MDU Resources Group had a negative net margin of 3.99% and a positive return on equity of 8.39%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $0.15 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that MDU Resources Group Inc. will post $1.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Tuesday, September 6th. MDU Resources Group’s payout ratio is -85.23%.
A number of brokerages have weighed in on MDU. Zacks Investment Research lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, May 31st. Finally, Williams Capital restated a “buy” rating on shares of MDU Resources Group in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. MDU Resources Group presently has an average rating of “Hold” and an average target price of $21.90.
In other MDU Resources Group news, Director Thomas S. Everist sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $23.44, for a total transaction of $703,200.00. Following the sale, the director now owns 79,572 shares in the company, valued at approximately $1,865,167.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.
About MDU Resources Group
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDU Resources Group Inc. (NYSE:MDU).
Receive News & Ratings for MDU Resources Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.