MDU Resources Group (NYSE:MDU) Hits New 1-Year High at $25.80

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $25.80 and last traded at $25.80, with a volume of 1313 shares. The stock had previously closed at $25.48.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com lowered MDU Resources Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd. Argus upgraded MDU Resources Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Monday.

MDU Resources Group Stock Performance

The stock has a 50 day simple moving average of $24.42 and a 200 day simple moving average of $21.41. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. The stock has a market cap of $5.27 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.78.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $0.23 EPS. The company's revenue was down 15.1% on a year-over-year basis. On average, equities analysts expect that MDU Resources Group, Inc. will post 1.55 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, June 13th. MDU Resources Group's dividend payout ratio is presently 21.37%.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, insider Rob L. Johnson bought 36,291 shares of MDU Resources Group stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $25.46 per share, with a total value of $923,968.86. Following the acquisition, the insider now owns 41,934 shares in the company, valued at approximately $1,067,639.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On MDU Resources Group

A number of large investors have recently modified their holdings of the business. TFO Wealth Partners LLC boosted its holdings in shares of MDU Resources Group by 16,070.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 1,607 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of MDU Resources Group by 50.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 756 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of MDU Resources Group during the 4th quarter valued at $66,000. Tompkins Financial Corp boosted its holdings in shares of MDU Resources Group by 89.7% during the 4th quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Mendota Financial Group LLC boosted its holdings in shares of MDU Resources Group by 32.9% during the 1st quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider's stock valued at $149,000 after acquiring an additional 1,465 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

About MDU Resources Group

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.