Shares of M.D.C. Holdings, Inc. (NYSE:MDC) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.33.

Several analysts have issued reports on MDC shares. ValuEngine downgraded shares of M.D.C. from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of M.D.C. from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of M.D.C. in a report on Tuesday, September 26th. Citigroup reduced their price target on shares of M.D.C. from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, UBS Group reduced their price target on shares of M.D.C. from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Monday, November 6th.

In related news, Director Herbert T. Buchwald sold 28,350 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $31.52, for a total transaction of $893,592.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Siegel sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $31.83, for a total transaction of $79,575.00. The disclosure for this sale can be found here. Corporate insiders own 25.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in M.D.C. during the second quarter worth approximately $202,000. Capital Fund Management S.A. acquired a new position in M.D.C. during the second quarter worth approximately $223,000. Sawgrass Asset Management LLC acquired a new position in M.D.C. during the third quarter worth approximately $262,000. Parametrica Management Ltd acquired a new position in M.D.C. during the third quarter worth approximately $285,000. Finally, Piedmont Investment Advisors LLC acquired a new position in M.D.C. during the second quarter worth approximately $315,000. 74.09% of the stock is owned by hedge funds and other institutional investors.

Shares of M.D.C. (NYSE MDC) opened at $31.88 on Monday. M.D.C. has a fifty-two week low of $25.55 and a fifty-two week high of $37.45. The stock has a market cap of $1,788.44, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 9.45 and a quick ratio of 2.60.

M.D.C. (NYSE:MDC) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $586.30 million for the quarter, compared to the consensus estimate of $595.05 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts expect that M.D.C. will post 2.69 EPS for the current fiscal year.

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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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