MDU Resources Group, Inc. $MDU Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in MDU Resources Group by 62.7%, acquiring an additional 22,239 shares, bringing its total holdings to 57,734 shares valued at approximately $977,000.
• MDU Resources Group recently declared a quarterly dividend of $0.14 per share, representing an increase from the previous $0.13, with a dividend yield of 3.5%.
• The company's Q2 EPS was reported at $0.07, missing the consensus estimate of $0.13, while revenue increased 1.9% year-over-year to $351.20 million.

Dynamic Technology Lab Private Ltd grew its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 62.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,734 shares of the utilities provider's stock after acquiring an additional 22,239 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in MDU Resources Group were worth $977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of MDU Resources Group by 28.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock valued at $1,119,000 after acquiring an additional 14,701 shares in the last quarter. GAMMA Investing LLC lifted its position in MDU Resources Group by 241.9% during the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock worth $31,000 after buying an additional 1,304 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in MDU Resources Group by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider's stock worth $366,000 after buying an additional 1,742 shares during the period. Tidal Investments LLC purchased a new position in MDU Resources Group during the fourth quarter worth about $185,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in MDU Resources Group by 16.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider's stock worth $1,174,000 after buying an additional 9,846 shares during the period. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Trading Down 0.8%

NYSE:MDU traded down $0.14 on Friday, hitting $16.27. 1,059,381 shares of the stock were exchanged, compared to its average volume of 1,463,857. The stock has a market cap of $3.32 billion, a PE ratio of 15.34, a PEG ratio of 2.60 and a beta of 0.70. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $16.65 and a 200-day moving average of $16.75. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The firm 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%.The business's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.14 per share. This is a boost from MDU Resources Group's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, September 11th. MDU Resources Group's payout ratio is currently 52.83%.

Insider Activity

In related news, CFO Jason L. Vollmer bought 5,000 shares of the stock in a transaction dated Monday, September 8th. The stock was acquired at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the purchase, the chief financial officer owned 344,548 shares in the company, valued at $5,536,886.36. This 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 hyperlink. Company insiders own 0.94% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

MDU Resources Group Company Profile

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.