Insider Selling: M.D.C. Holdings, Inc. (MDC) Director Sells 2,500 Shares of Stock

M.D.C. Holdings, Inc. (NYSE:MDC) Director David Siegel sold 2,500 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $31.83, for a total transaction of $79,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of M.D.C. Holdings, Inc. (MDC) traded up $0.10 during trading on Monday, hitting $31.84. 411,700 shares of the company traded hands, compared to its average volume of 517,273. 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. Holdings, Inc. has a 12-month low of $25.55 and a 12-month high of $37.45. The stock has a market capitalization of $1,790.00, a PE ratio of 11.42, a PEG ratio of 0.98 and a beta of 1.37.

M.D.C. (NYSE:MDC) last issued its earnings results on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.55. M.D.C. had a net margin of 6.09% and a return on equity of 11.66%. The firm had revenue of $586.30 million during the quarter, compared to analysts’ expectations of $595.05 million. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. analysts predict that M.D.C. Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.14%. M.D.C.’s dividend payout ratio (DPR) is presently 33.45%.

Institutional investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new position in shares of M.D.C. during the second quarter worth $202,000. Capital Fund Management S.A. purchased a new position in M.D.C. in the second quarter valued at $223,000. Sawgrass Asset Management LLC purchased a new position in M.D.C. in the third quarter valued at $262,000. Parametrica Management Ltd purchased a new position in M.D.C. in the third quarter valued at $285,000. Finally, Piedmont Investment Advisors LLC purchased a new position in M.D.C. in the second quarter valued at $315,000. 74.16% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on MDC shares. Zacks Investment Research cut shares of M.D.C. from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. ValuEngine cut shares of M.D.C. from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. UBS started coverage on shares of M.D.C. in a report on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price target for the company. Citigroup decreased their price target on shares of M.D.C. from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of M.D.C. in a report on Friday, August 25th. Four investment 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’s stock. The stock has an average rating of “Hold” and an average target price of $30.33.

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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.

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

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