Hudson Value Partners LLC Acquires 5,693 Shares of MDU Resources Group, Inc. $MDU

Hudson Value Partners LLC lifted its holdings in MDU Resources Group, Inc. (NYSE:MDUFree Report) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 349,122 shares of the utilities provider’s stock after buying an additional 5,693 shares during the quarter. MDU Resources Group comprises 2.0% of Hudson Value Partners LLC’s portfolio, making the stock its 11th biggest holding. Hudson Value Partners LLC owned about 0.17% of MDU Resources Group worth $5,820,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of MDU Resources Group by 179.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider’s stock valued at $25,000 after buying an additional 974 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of MDU Resources Group by 241.9% in the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,304 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of MDU Resources Group in the first quarter valued at about $48,000. Garde Capital Inc. bought a new position in shares of MDU Resources Group in the first quarter valued at about $82,000. Finally, Covestor Ltd raised its holdings in MDU Resources Group by 135.1% during the 1st quarter. Covestor Ltd now owns 6,883 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 3,955 shares during the last quarter. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $17.61 on Thursday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 16.61, a PEG ratio of 2.74 and a beta of 0.70. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The business has a 50-day moving average of $16.67 and a 200-day moving average of $16.75. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75.

MDU Resources Group (NYSE:MDUGet Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.MDU Resources Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 11th were given a $0.14 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.2%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s payout ratio is presently 52.83%.

Insider Activity

In other MDU Resources Group news, CFO Jason L. Vollmer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the transaction, the chief financial officer owned 344,548 shares of the company’s stock, valued at $5,536,886.36. This trade represents a 1.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

MDU has been the subject of several recent research reports. Wall Street Zen cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Jefferies Financial Group raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, September 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $18.67.

Check Out Our Latest Stock Report on MDU

MDU Resources Group Company Profile

(Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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