Headlines about M.D.C. Holdings (NYSE:MDC) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. M.D.C. Holdings earned a news impact score of 0.15 on AlphaOne’s scale. AlphaOne also gave news headlines about the construction company an impact score of 58 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Alpha One Sentiment’s analysis:
- MDC Holdings Up 35.1% Since SmarTrend Uptrend Call (MDC) (mysmartrend.com)
- Why You Should Add M.D.C. Holdings to Your Portfolio Now (finance.yahoo.com)
- M.D.C. Holdings, Inc. (MDC) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Richmond American Opens Vegas-Area Neighborhood (builderonline.com)
- M.D.C. Holdings, Inc. (MDC) Expected to Post Quarterly Sales of $638.75 Million (americanbankingnews.com)
MDC has been the topic of a number of recent research reports. Zacks Investment Research upgraded M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, April 5th. Citigroup Inc. cut M.D.C. Holdings from a “buy” rating to a “neutral” rating in a report on Wednesday, May 10th. FBN Securities cut M.D.C. Holdings from an “outperform” rating to a “sector perform” rating in a report on Friday, March 17th. Finally, Wells Fargo & Company cut M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.00.
Shares of M.D.C. Holdings (NYSE MDC) traded up 0.12% during trading on Friday, hitting $34.40. The company’s stock had a trading volume of 717,586 shares. The company has a 50-day moving average price of $33.61 and a 200-day moving average price of $29.52. The stock has a market cap of $1.77 billion, a PE ratio of 15.37 and a beta of 1.43. M.D.C. Holdings has a one year low of $21.25 and a one year high of $35.99.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The business had revenue of $563.70 million during the quarter, compared to the consensus estimate of $503.65 million. M.D.C. Holdings had a net margin of 4.63% and a return on equity of 8.88%. The firm’s quarterly revenue was up 42.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. Equities analysts predict that M.D.C. Holdings will post $2.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were given a $0.25 dividend. The ex-dividend date was Monday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%.
In other M.D.C. Holdings news, Director Herbert T. Buchwald sold 26,250 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $34.14, for a total value of $896,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Touff sold 84,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $34.40, for a total transaction of $2,889,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,750 shares of company stock valued at $5,654,775. Insiders own 25.30% of the company’s stock.
About M.D.C. Holdings
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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