M.D.C. (NYSE:MDC) Sees Large Volume Increase

M.D.C. Holdings, Inc. (NYSE:MDC - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,668,372 shares traded hands during trading, an increase of 47% from the previous session's volume of 1,810,514 shares.The stock last traded at $62.90 and had previously closed at $62.90.

Wall Street Analyst Weigh In

MDC has been the subject of several research reports. Raymond James reiterated a "market perform" rating on shares of M.D.C. in a research note on Wednesday, February 7th. Evercore ISI lowered M.D.C. from an "outperform" rating to an "in-line" rating and upped their price target for the company from $57.00 to $63.00 in a research report on Wednesday, January 31st. Finally, StockNews.com initiated coverage on M.D.C. in a research report on Wednesday, April 3rd. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $52.13.

M.D.C. Stock Up 0.0 %

The company has a market capitalization of $4.72 billion, a PE ratio of 11.92 and a beta of 1.54. The company has a quick ratio of 3.92, a current ratio of 9.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $62.66 and a two-hundred day moving average of $52.84.

M.D.C. (NYSE:MDC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. M.D.C. had a return on equity of 12.32% and a net margin of 8.64%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. Equities research analysts predict that M.D.C. Holdings, Inc. will post 5.7 earnings per share for the current fiscal year.

M.D.C. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.20 annualized dividend and a yield of 3.50%. M.D.C.'s payout ratio is 41.67%.

Insider Buying and Selling

In other M.D.C. news, Director David E. Blackford sold 6,200 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $62.69, for a total transaction of $388,678.00. Following the transaction, the director now directly owns 13,534 shares in the company, valued at $848,446.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in shares of M.D.C. in the fourth quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of M.D.C. in the fourth quarter valued at $25,000. Ronald Blue Trust Inc. raised its stake in shares of M.D.C. by 100.0% in the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company's stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Clear Street Markets LLC acquired a new stake in shares of M.D.C. in the third quarter valued at $29,000. Finally, GAMMA Investing LLC acquired a new stake in shares of M.D.C. in the fourth quarter valued at $34,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

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.