Shares of M.D.C. Holdings, Inc. (NYSE:MDC) reached a new 52-week high on Wednesday . The company traded as high as $39.52 and last traded at $39.38, with a volume of 367349 shares trading hands. The stock had previously closed at $38.29.

Several research analysts have recently issued reports on MDC shares. Zacks Investment Research upgraded M.D.C. from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. Wedbush increased their target price on M.D.C. from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, ValuEngine cut M.D.C. from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. M.D.C. presently has an average rating of “Buy” and a consensus target price of $34.80.

The company’s 50 day simple moving average is $37.16 and its 200 day simple moving average is $33.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 9.12 and a quick ratio of 2.19. The stock has a market cap of $2.45 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.34 and a beta of 1.08.

M.D.C. (NYSE:MDC) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. M.D.C. had a net margin of 6.64% and a return on equity of 13.24%. The company had revenue of $732.84 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that M.D.C. Holdings, Inc. will post 3.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.04%. The ex-dividend date was Tuesday, August 6th. M.D.C.’s payout ratio is presently 32.70%.

In related news, Director Michael A. Berman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $70.52, for a total value of $705,200.00. Following the completion of the transaction, the director now directly owns 148,218 shares in the company, valued at approximately $10,452,333.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Larry A. Mizel sold 45,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $33.51, for a total value of $1,507,950.00. Following the sale, the chairman now directly owns 170,958 shares of the company’s stock, valued at $5,728,802.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,395 shares of company stock worth $5,194,807. Corporate insiders own 26.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new stake in shares of M.D.C. in the first quarter valued at about $234,000. Rhumbline Advisers boosted its holdings in shares of M.D.C. by 19.9% in the 1st quarter. Rhumbline Advisers now owns 159,974 shares of the construction company’s stock valued at $4,649,000 after buying an additional 26,577 shares during the last quarter. Comerica Bank grew its stake in shares of M.D.C. by 8.6% in the first quarter. Comerica Bank now owns 53,938 shares of the construction company’s stock valued at $1,666,000 after buying an additional 4,293 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of M.D.C. by 12.4% in the first quarter. Texas Permanent School Fund now owns 33,319 shares of the construction company’s stock valued at $968,000 after buying an additional 3,680 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of M.D.C. by 6.3% in the first quarter. Crossmark Global Holdings Inc. now owns 11,915 shares of the construction company’s stock valued at $346,000 after buying an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 75.04% of the company’s stock.

M.D.C. Company Profile (NYSE:MDC)

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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