Chartwell Investment Partners LLC continued to hold its stake in M.D.C. Holdings, Inc. (NYSE:MDC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,000 shares of the construction company’s stock at the end of the second quarter. Chartwell Investment Partners LLC owned about 0.19% of M.D.C. Holdings worth $3,427,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in M.D.C. Holdings during the first quarter valued at about $108,000. Glen Harbor Capital Management LLC increased its stake in M.D.C. Holdings by 18.8% in the first quarter. Glen Harbor Capital Management LLC now owns 3,876 shares of the construction company’s stock valued at $116,000 after buying an additional 612 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in M.D.C. Holdings during the first quarter valued at about $125,000. State of Alaska Department of Revenue increased its stake in M.D.C. Holdings by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,562 shares of the construction company’s stock valued at $137,000 after buying an additional 100 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in M.D.C. Holdings by 34.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock valued at $139,000 after buying an additional 1,026 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.
M.D.C. Holdings, Inc. (NYSE MDC) opened at 32.02 on Tuesday. The stock has a 50 day moving average price of $34.66 and a 200 day moving average price of $32.34. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 13.57 and a beta of 1.36. M.D.C. Holdings, Inc. has a 12 month low of $21.25 and a 12 month high of $36.92.
M.D.C. Holdings (NYSE:MDC) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The company had revenue of $648.97 million for the quarter, compared to analyst estimates of $623.95 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts expect that M.D.C. Holdings, Inc. will post $2.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.12%.
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MDC has been the topic of several analyst reports. Zacks Investment Research upgraded M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, June 29th. BidaskClub downgraded M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG lifted their price objective on M.D.C. Holdings from $27.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. downgraded M.D.C. Holdings from a “buy” rating to a “neutral” rating in a report on Wednesday, May 10th. Finally, Bank of America Corporation restated an “underperform” rating and set a $27.00 price objective (up from $24.00) on shares of M.D.C. Holdings in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.20.
In other news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total value of $947,887.50. Following the sale, the director now directly owns 40,928 shares in the company, valued at approximately $1,477,910.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 25.30% of the company’s stock.
M.D.C. Holdings Company Profile
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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