M.D.C. Holdings, Inc. (NYSE:MDC) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on MDC. UBS AG began coverage on M.D.C. Holdings in a research note on Wednesday, October 25th. They set a “sell” rating and a $34.00 price target for the company. BidaskClub downgraded M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Deutsche Bank AG lifted their price target on M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of M.D.C. Holdings in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.

M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings results on Monday, October 30th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.55. The business had revenue of $586.30 million during the quarter, compared to the consensus estimate of $595.05 million. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.

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Several hedge funds and other institutional investors have recently made changes to their positions in MDC. Winslow Evans & Crocker Inc. boosted its stake in shares of M.D.C. Holdings by 34.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock worth $139,000 after buying an additional 1,026 shares during the last quarter. Amalgamated Bank purchased a new position in shares of M.D.C. Holdings in the 2nd quarter worth approximately $202,000. Parsec Financial Management Inc. purchased a new position in shares of M.D.C. Holdings in the 2nd quarter worth approximately $208,000. Capital Fund Management S.A. purchased a new position in shares of M.D.C. Holdings in the 2nd quarter worth approximately $223,000. Finally, HighTower Advisors LLC boosted its stake in shares of M.D.C. Holdings by 11.4% in the 1st quarter. HighTower Advisors LLC now owns 9,311 shares of the construction company’s stock worth $274,000 after buying an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 80.45% of the company’s stock.

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.

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Analyst Recommendations for M.D.C. Holdings (NYSE:MDC)

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