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.
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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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.
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