M.D.C. Holdings, Inc. (MDC) Holdings Raised by Magnus Financial Group LLC

Magnus Financial Group LLC raised its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 8.0% in the first quarter, HoldingsChannel reports. The firm owned 7,996 shares of the construction company’s stock after buying an additional 592 shares during the period. Magnus Financial Group LLC’s holdings in M.D.C. were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MDC. Penserra Capital Management LLC acquired a new stake in M.D.C. during the 1st quarter valued at approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in M.D.C. by 25.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,326 shares of the construction company’s stock worth $93,000 after buying an additional 683 shares during the last quarter. Bank of Montreal Can lifted its holdings in M.D.C. by 14.1% during the 4th quarter. Bank of Montreal Can now owns 4,908 shares of the construction company’s stock worth $138,000 after buying an additional 605 shares during the last quarter. Quantamental Technologies LLC lifted its holdings in M.D.C. by 2,807.7% during the 1st quarter. Quantamental Technologies LLC now owns 5,641 shares of the construction company’s stock worth $164,000 after buying an additional 5,447 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in M.D.C. during the 4th quarter worth approximately $173,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

MDC has been the topic of a number of research analyst reports. Zacks Investment Research raised M.D.C. from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Wedbush reaffirmed a “neutral” rating and set a $30.00 target price on shares of M.D.C. in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. M.D.C. has an average rating of “Hold” and a consensus price target of $32.40.

In related news, COO David D. Mandarich sold 35,224 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.52, for a total value of $1,004,588.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David E. Blackford sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.51, for a total value of $114,040.00. The disclosure for this sale can be found here. In the last three months, insiders sold 341,209 shares of company stock worth $10,352,283. Company insiders own 26.30% of the company’s stock.

NYSE:MDC opened at $32.37 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.19 and a current ratio of 8.58. M.D.C. Holdings, Inc. has a 52 week low of $25.14 and a 52 week high of $33.47. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.39 and a beta of 1.33.

M.D.C. (NYSE:MDC) last released its earnings results on Tuesday, April 30th. The construction company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $647.28 million for the quarter, compared to the consensus estimate of $597.26 million. M.D.C. had a return on equity of 14.20% and a net margin of 6.90%. M.D.C.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. On average, research analysts forecast that M.D.C. Holdings, Inc. will post 3.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, May 14th. M.D.C.’s dividend payout ratio (DPR) is 32.70%.

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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.

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Want to see what other hedge funds are holding MDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M.D.C. Holdings, Inc. (NYSE:MDC).

Institutional Ownership by Quarter for M.D.C. (NYSE:MDC)

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