M.D.C. Holdings, Inc. (MDC) Price Target Cut to $32.00

M.D.C. Holdings, Inc. (NYSE:MDC) had its price target reduced by UBS AG from $34.00 to $32.00 in a report issued on Monday, November 6th, www.benzinga.com reports. They currently have a sell rating on the construction company’s stock.

MDC has been the subject of a number of other reports. KeyCorp reiterated a hold rating on shares of M.D.C. in a research note on Friday, August 25th. BidaskClub lowered shares of M.D.C. from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Deutsche Bank AG boosted their price target on shares of M.D.C. from $27.00 to $33.00 and gave the company a hold rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of M.D.C. from a hold rating to a sell rating in a research report on Wednesday, August 30th. Finally, Wells Fargo & Company upgraded shares of M.D.C. from an underperform rating to a market perform rating and set a $30.00 price target for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $30.33.

M.D.C. (MDC) traded up $0.19 during trading hours on Monday, hitting $34.84. 220,751 shares of the company were exchanged, compared to its average volume of 527,467. M.D.C. has a 52 week low of $25.10 and a 52 week high of $37.45. The company has a market cap of $1,820.00, a PE ratio of 11.51, a PEG ratio of 1.06 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 9.45 and a quick ratio of 2.60.

M.D.C. (NYSE:MDC) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.55. M.D.C. had a net margin of 6.09% and a return on equity of 11.66%. The business had revenue of $586.30 million during the quarter, compared to analyst estimates of $595.05 million. During the same period in the previous year, the business earned $0.54 EPS. M.D.C.’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that M.D.C. will post 2.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, November 7th. M.D.C.’s dividend payout ratio is presently 33.33%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in M.D.C. by 61,394.6% in the first quarter. BlackRock Inc. now owns 5,836,452 shares of the construction company’s stock worth $175,386,000 after purchasing an additional 5,826,961 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of M.D.C. by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,364,077 shares of the construction company’s stock valued at $144,930,000 after acquiring an additional 26,295 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of M.D.C. by 14.8% during the second quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock valued at $153,611,000 after acquiring an additional 561,481 shares during the last quarter. State Street Corp raised its stake in shares of M.D.C. by 2.2% during the second quarter. State Street Corp now owns 1,527,659 shares of the construction company’s stock valued at $53,976,000 after acquiring an additional 32,826 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of M.D.C. by 8.6% during the second quarter. Northern Trust Corp now owns 953,055 shares of the construction company’s stock valued at $33,672,000 after acquiring an additional 75,255 shares during the last quarter. 75.80% of the stock is owned by institutional investors and hedge funds.

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About M.D.C.

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

Analyst Recommendations for M.D.C. (NYSE:MDC)

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