Swiss National Bank Acquires 2,500 Shares of M.D.C. Holdings, Inc. (NYSE:MDC)

Swiss National Bank boosted its position in M.D.C. Holdings, Inc. (NYSE:MDC – Get Rating) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 137,543 shares of the construction company’s stock after buying an additional 2,500 shares during the period. Swiss National Bank’s holdings in M.D.C. were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in M.D.C. by 74.6% in the 1st quarter. JPMorgan Chase & Co. now owns 258,677 shares of the construction company’s stock valued at $9,789,000 after acquiring an additional 110,564 shares in the last quarter. Citigroup Inc. increased its holdings in M.D.C. by 0.7% in the 1st quarter. Citigroup Inc. now owns 84,150 shares of the construction company’s stock worth $3,184,000 after purchasing an additional 568 shares in the last quarter. D.A. Davidson & CO. increased its holdings in M.D.C. by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 6,200 shares of the construction company’s stock worth $235,000 after purchasing an additional 1,100 shares in the last quarter. MetLife Investment Management LLC increased its holdings in M.D.C. by 57.6% in the 1st quarter. MetLife Investment Management LLC now owns 30,993 shares of the construction company’s stock worth $1,173,000 after purchasing an additional 11,325 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in M.D.C. by 14.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,738 shares of the construction company’s stock worth $1,844,000 after purchasing an additional 6,003 shares in the last quarter. 82.21% of the stock is currently owned by institutional investors.

Insider Activity at M.D.C.

In other M.D.C. news, CEO David D. Mandarich sold 157,044 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $41.45, for a total transaction of $6,509,473.80. Following the completion of the transaction, the chief executive officer now directly owns 5,097,022 shares of the company’s stock, valued at $211,271,561.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David D. Mandarich sold 157,044 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $41.45, for a total value of $6,509,473.80. Following the completion of the transaction, the chief executive officer now directly owns 5,097,022 shares of the company’s stock, valued at $211,271,561.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond T. Baker sold 29,160 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $41.24, for a total value of $1,202,558.40. Following the completion of the transaction, the director now directly owns 48,526 shares of the company’s stock, valued at $2,001,212.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 337,609 shares of company stock valued at $13,923,750. 23.30% of the stock is owned by insiders.

M.D.C. Stock Performance

Shares of M.D.C. stock opened at $42.42 on Friday. The company has a market cap of $3.10 billion, a PE ratio of 6.30 and a beta of 1.37. M.D.C. Holdings, Inc. has a 52 week low of $27.04 and a 52 week high of $43.66. The business has a 50 day moving average price of $39.19 and a 200-day moving average price of $36.04. The company has a quick ratio of 3.43, a current ratio of 9.12 and a debt-to-equity ratio of 0.52.

M.D.C. (NYSE:MDC – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The construction company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.44 by $0.64. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $887.13 million. M.D.C. had a return on equity of 16.34% and a net margin of 8.99%. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.02 earnings per share. Equities analysts anticipate that M.D.C. Holdings, Inc. will post 3.23 earnings per share for the current fiscal year.

M.D.C. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Tuesday, May 9th. M.D.C.’s payout ratio is 29.72%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MDC shares. StockNews.com assumed coverage on M.D.C. in a research report on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on M.D.C. from $30.50 to $27.50 and set an “underweight” rating on the stock in a research report on Monday, March 6th. Finally, Wedbush restated a “neutral” rating on shares of M.D.C. in a research report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, M.D.C. presently has an average rating of “Hold” and a consensus target price of $27.50.

About M.D.C.

(Get Rating)

M.DC Holdings, Inc engages in proving homebuilding and financial services. It operates through the following business segments: West, Mountain, and East. The West segment includes operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, and Washington. The Mountain segment refers to the operations in Colorado, Idaho, and Utah.