Shares of M.D.C. Holdings Inc. (NYSE:MDC) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.50.
A number of research firms have recently weighed in on MDC. Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research report on Tuesday, July 19th. Wells Fargo & Co. began coverage on M.D.C. Holdings in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. Deutsche Bank AG cut M.D.C. Holdings from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Monday, August 8th. Citigroup Inc. boosted their price target on M.D.C. Holdings from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Argus reissued a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, July 5th.
A number of institutional investors have recently modified their holdings of the company. PineBridge Investments L.P. purchased a new position in shares of M.D.C. Holdings during the second quarter worth about $121,000. MSI Financial Services Inc boosted its position in shares of M.D.C. Holdings by 383.1% in the third quarter. MSI Financial Services Inc now owns 4,672 shares of the company’s stock worth $121,000 after buying an additional 3,705 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of M.D.C. Holdings by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,446 shares of the company’s stock worth $133,000 after buying an additional 663 shares during the last quarter. Mason Street Advisors LLC purchased a new position in shares of M.D.C. Holdings during the second quarter worth about $187,000. Finally, Profund Advisors LLC purchased a new position in shares of M.D.C. Holdings during the second quarter worth about $216,000. 78.99% of the stock is owned by institutional investors and hedge funds.
M.D.C. Holdings (NYSE:MDC) opened at 24.13 on Thursday. The company has a market cap of $1.18 billion, a PE ratio of 16.09 and a beta of 1.64. The firm’s 50-day moving average price is $25.32 and its 200-day moving average price is $24.89. M.D.C. Holdings has a one year low of $19.28 and a one year high of $28.93.
M.D.C. Holdings (NYSE:MDC) last released its earnings results on Wednesday, August 3rd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The firm earned $571.20 million during the quarter, compared to the consensus estimate of $535.12 million. M.D.C. Holdings had a return on equity of 6.09% and a net margin of 3.62%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, equities research analysts forecast that M.D.C. Holdings will post $2.11 earnings per share for the current fiscal year.