M.D.C. (NYSE:MDC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of M.D.C. (NYSE:MDC) in a report issued on Friday. The firm set a “hold” rating on the construction company’s stock.

Several other equities research analysts have also commented on MDC. Raymond James restated a “market perform” rating on shares of M.D.C. in a report on Wednesday, February 7th. Evercore ISI lowered shares of M.D.C. from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $57.00 to $63.00 in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.13.

M.D.C. Trading Up 0.0 %

MDC stock opened at $62.98 on Friday. The company has a market capitalization of $4.73 billion, a PE ratio of 11.93 and a beta of 1.54. M.D.C. has a 12 month low of $36.47 and a 12 month high of $63.00. The firm’s 50-day moving average is $62.70 and its 200 day moving average is $53.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 9.76 and a quick ratio of 3.92.

M.D.C. (NYSE:MDC) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.50 by $0.06. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that M.D.C. will post 5.7 EPS for the current year.

Insider Buying and Selling

In related news, Director David E. Blackford sold 6,200 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.69, for a total transaction of $388,678.00. Following the completion of the transaction, the director now owns 13,534 shares in the company, valued at approximately $848,446.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in M.D.C. during the 4th quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in M.D.C. during the 4th quarter worth approximately $25,000. Ronald Blue Trust Inc. grew its position in M.D.C. by 100.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Clear Street Markets LLC purchased a new stake in M.D.C. during the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC purchased a new stake in M.D.C. during the 4th quarter worth approximately $34,000. Institutional investors own 88.08% of the company’s stock.

About M.D.C.

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.