Signaturefd LLC Cuts Stock Position in M.D.C. Holdings, Inc. (NYSE:MDC)

Signaturefd LLC lessened its holdings in M.D.C. Holdings, Inc. (NYSE:MDC) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,497 shares of the construction company’s stock after selling 172 shares during the period. Signaturefd LLC’s holdings in M.D.C. were worth $138,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MDC. Sound Income Strategies LLC purchased a new position in M.D.C. in the fourth quarter worth about $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of M.D.C. during the fourth quarter worth $25,000. Clear Street Markets LLC acquired a new position in shares of M.D.C. during the third quarter worth $29,000. Kingswood Wealth Advisors LLC acquired a new position in shares of M.D.C. during the fourth quarter worth $40,000. Finally, Blue Trust Inc. increased its position in shares of M.D.C. by 64.1% during the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the construction company’s stock worth $58,000 after purchasing an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDC shares. StockNews.com started coverage on shares of M.D.C. in a report on Saturday. They set a “hold” rating on the stock. Evercore ISI lowered shares of M.D.C. from an “outperform” rating to an “in-line” rating and upped their price target for the company from $57.00 to $63.00 in a report on Wednesday, January 31st. Finally, Raymond James reissued a “market perform” rating on shares of M.D.C. in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, M.D.C. presently has a consensus rating of “Hold” and an average price target of $52.13.

M.D.C. Price Performance

Shares of MDC opened at $62.98 on Monday. The firm’s fifty day simple moving average is $62.79 and its 200-day simple moving average is $54.83. M.D.C. Holdings, Inc. has a twelve month low of $36.47 and a twelve month high of $63.00. The company has a current ratio of 9.76, a quick ratio of 3.92 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 11.93 and a beta of 1.54.

M.D.C. (NYSE:MDC) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. M.D.C.’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Equities analysts forecast that M.D.C. Holdings, Inc. will post 5.7 EPS for the current fiscal year.

Insider Buying and Selling at M.D.C.

In other news, Director David E. Blackford sold 6,200 shares of M.D.C. stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.69, for a total value of $388,678.00. Following the sale, the director now owns 13,534 shares of the company’s stock, valued at $848,446.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.30% of the stock is currently owned by company insiders.

About M.D.C.

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.