First Manhattan Co. raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 339,497 shares of the utilities provider’s stock after purchasing an additional 2,600 shares during the period. First Manhattan Co. owned 0.17% of MDU Resources Group worth $8,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AT Bancorp bought a new position in shares of MDU Resources Group during the 2nd quarter valued at about $131,000. Global X Management Co. LLC boosted its holdings in shares of MDU Resources Group by 220.3% during the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 4,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MDU Resources Group by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 537 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of MDU Resources Group by 5.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after purchasing an additional 374 shares during the last quarter. Finally, Ffcm LLC boosted its holdings in shares of MDU Resources Group by 5.7% during the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 396 shares during the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on MDU. KeyCorp reissued a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a report on Friday, October 20th. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.75.

COPYRIGHT VIOLATION NOTICE: “First Manhattan Co. Grows Holdings in MDU Resources Group, Inc. (MDU)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://theolympiareport.com/2017/11/01/first-manhattan-co-grows-holdings-in-mdu-resources-group-inc-mdu.html.

In other MDU Resources Group news, CEO David L. Goodin acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $25.57 per share, with a total value of $127,850.00. Following the purchase, the chief executive officer now owns 95,210 shares in the company, valued at $2,434,519.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.95% of the stock is currently owned by corporate insiders.

MDU Resources Group, Inc. (MDU) opened at 27.35 on Wednesday. The firm’s 50 day moving average is $26.72 and its 200 day moving average is $26.56. MDU Resources Group, Inc. has a 12-month low of $24.80 and a 12-month high of $29.92. The company has a market cap of $5.34 billion, a P/E ratio of 23.78 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. Equities research analysts anticipate that MDU Resources Group, Inc. will post $1.22 EPS for the current fiscal year.

MDU Resources Group Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

Receive News & Ratings for MDU Resources Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.