M.D.C. Holdings, Inc. (NYSE:MDC) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $30.00.

MDC has been the subject of several recent analyst reports. Zacks Investment Research upgraded M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, April 5th. Wells Fargo & Company downgraded M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Tuesday, May 16th. Citigroup Inc. downgraded M.D.C. Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. FBN Securities downgraded M.D.C. Holdings from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 17th. Finally, BidaskClub upgraded M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th.

In other M.D.C. Holdings news, Director Herbert T. Buchwald sold 26,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $34.14, for a total value of $896,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Touff sold 84,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $34.40, for a total value of $2,889,600.00. The disclosure for this sale can be found here. Insiders sold a total of 162,750 shares of company stock valued at $5,654,775 in the last quarter. Corporate insiders own 25.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of M.D.C. Holdings 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 buying an additional 5,826,961 shares in the last quarter. Hamlin Capital Management LLC increased its stake in shares of M.D.C. Holdings by 62.0% in the first quarter. Hamlin Capital Management LLC now owns 1,475,761 shares of the construction company’s stock worth $44,347,000 after buying an additional 564,646 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of M.D.C. Holdings by 8.1% in the first quarter. Vanguard Group Inc. now owns 3,786,394 shares of the construction company’s stock worth $113,782,000 after buying an additional 284,872 shares in the last quarter. State Street Corp increased its stake in shares of M.D.C. Holdings by 19.8% in the first quarter. State Street Corp now owns 1,494,833 shares of the construction company’s stock worth $44,919,000 after buying an additional 247,408 shares in the last quarter. Finally, FMR LLC increased its stake in shares of M.D.C. Holdings by 4.8% in the first quarter. FMR LLC now owns 5,358,020 shares of the construction company’s stock worth $161,008,000 after buying an additional 243,185 shares in the last quarter. Institutional investors own 81.03% of the company’s stock.

M.D.C. Holdings (MDC) opened at 35.65 on Monday. M.D.C. Holdings has a 12 month low of $21.25 and a 12 month high of $36.92. The firm has a 50 day moving average price of $34.57 and a 200-day moving average price of $30.17. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.93 and a beta of 1.37.

M.D.C. Holdings (NYSE:MDC) last announced its earnings results on Tuesday, May 9th. The construction company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. M.D.C. Holdings had a return on equity of 8.88% and a net margin of 4.63%. The firm had revenue of $563.70 million during the quarter, compared to the consensus estimate of $503.65 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 42.1% compared to the same quarter last year. On average, equities analysts forecast that M.D.C. Holdings will post $2.51 EPS for the current year.

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About M.D.C. Holdings

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. Holdings (NYSE:MDC)

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