M.D.C. Holdings, Inc. (NYSE:MDC) Chairman Larry A. Mizel sold 45,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.51, for a total transaction of $1,507,950.00. Following the transaction, the chairman now owns 170,958 shares of the company’s stock, valued at approximately $5,728,802.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of MDC stock traded down $0.07 on Monday, reaching $33.46. 13,773 shares of the stock were exchanged, compared to its average volume of 358,051. The company has a quick ratio of 2.19, a current ratio of 8.58 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average price is $32.10. The stock has a market cap of $2.06 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. M.D.C. Holdings, Inc. has a twelve month low of $25.14 and a twelve month high of $33.82.

M.D.C. (NYSE:MDC) last issued its earnings results on Tuesday, April 30th. The construction company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. M.D.C. had a net margin of 6.90% and a return on equity of 14.20%. The firm had revenue of $647.28 million during the quarter, compared to the consensus estimate of $597.26 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that M.D.C. Holdings, Inc. will post 3.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 3.59%. M.D.C.’s dividend payout ratio is presently 32.70%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CVentures Inc. acquired a new position in M.D.C. in the fourth quarter valued at $206,427,000. Dimensional Fund Advisors LP boosted its stake in M.D.C. by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,761,297 shares of the construction company’s stock valued at $133,841,000 after acquiring an additional 14,715 shares in the last quarter. LSV Asset Management boosted its stake in M.D.C. by 6.2% in the first quarter. LSV Asset Management now owns 2,329,186 shares of the construction company’s stock valued at $67,686,000 after acquiring an additional 135,607 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in M.D.C. by 2.4% in the first quarter. Hamlin Capital Management LLC now owns 1,869,295 shares of the construction company’s stock valued at $54,322,000 after acquiring an additional 43,836 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in M.D.C. by 27.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,483,767 shares of the construction company’s stock valued at $41,708,000 after acquiring an additional 317,949 shares in the last quarter. Institutional investors own 74.68% of the company’s stock.

A number of equities analysts recently commented on MDC shares. Wedbush reiterated a “neutral” rating and set a $30.00 target price on shares of M.D.C. in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of M.D.C. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.40.

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M.D.C. Company Profile

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.

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Insider Buying and Selling by Quarter for M.D.C. (NYSE:MDC)

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