Shares of M.D.C. Holdings, Inc. (NYSE:MDC) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.33.

MDC has been the subject of a number of research reports. UBS initiated coverage on M.D.C. in a research report on Wednesday, October 25th. They set a “sell” rating and a $34.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of M.D.C. in a research report on Friday, August 25th. Wells Fargo & Company raised M.D.C. from an “underperform” rating to a “market perform” rating and set a $30.00 price objective for the company in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Zacks Investment Research raised M.D.C. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine cut M.D.C. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

Several large investors have recently made changes to their positions in MDC. Vanguard Group Inc. lifted its position in shares of M.D.C. by 14.8% in the second quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock worth $153,611,000 after buying an additional 561,481 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of M.D.C. in the second quarter worth about $342,000. JPMorgan Chase & Co. lifted its position in shares of M.D.C. by 120.9% in the third quarter. JPMorgan Chase & Co. now owns 547,871 shares of the construction company’s stock worth $18,020,000 after buying an additional 299,904 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of M.D.C. by 90.6% in the third quarter. Prudential Financial Inc. now owns 583,941 shares of the construction company’s stock worth $19,393,000 after buying an additional 277,580 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of M.D.C. by 80,713.5% in the second quarter. Federated Investors Inc. PA now owns 244,865 shares of the construction company’s stock worth $8,651,000 after buying an additional 244,562 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Shares of M.D.C. (NYSE MDC) opened at $31.34 on Thursday. The stock has a market capitalization of $1,846.20, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.08 and a beta of 1.35. M.D.C. has a 12-month low of $25.55 and a 12-month high of $37.45. The company has a current ratio of 9.45, a quick ratio of 2.60 and a debt-to-equity ratio of 0.65.

M.D.C. (NYSE:MDC) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.55. The firm had revenue of $586.30 million during the quarter, compared to analysts’ expectations of $595.05 million. M.D.C. had a return on equity of 11.66% and a net margin of 6.09%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. equities analysts forecast that M.D.C. will post 2.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a $0.25 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. M.D.C.’s dividend payout ratio is currently 33.37%.

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About M.D.C.

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. (NYSE:MDC)

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