M.D.C. (MDC) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M.D.C. in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDC, but not buy additional shares or sell existing shares.
View MDC analyst ratings or view top-rated stocks.

4 equities research analysts have issued twelve-month price objectives for M.D.C.'s shares. Their MDC share price forecasts range from $27.00 to $28.00. On average, they expect the company's share price to reach $27.50 in the next twelve months. This suggests that the stock has a possible downside of 35.3%.
View analysts price targets for MDC or view top-rated stocks among Wall Street analysts.

M.D.C.'s stock was trading at $31.60 at the beginning of the year. Since then, MDC shares have increased by 34.6% and is now trading at $42.52.
View the best growth stocks for 2023 here.

M.D.C. saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,290,000 shares, a decrease of 6.1% from the April 15th total of 2,440,000 shares. Based on an average daily volume of 654,100 shares, the days-to-cover ratio is currently 3.5 days. Approximately 4.0% of the company's stock are short sold.
View M.D.C.'s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MDC earnings forecast.

M.D.C. Holdings, Inc. (NYSE:MDC) issued its earnings results on Tuesday, May, 2nd. The construction company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.64. The construction company earned $1.02 billion during the quarter, compared to analyst estimates of $887.13 million. M.D.C. had a trailing twelve-month return on equity of 16.34% and a net margin of 8.99%. The company's revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.02 EPS.

M.D.C. announced a quarterly dividend on Monday, April 17th. Stockholders of record on Wednesday, May 10th will be paid a dividend of $0.50 per share on Wednesday, May 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Tuesday, May 9th.
Read our dividend analysis for MDC.

ETFs with the largest weight of M.D.C. (NYSE:MDC) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco Dynamic Building & Construction ETF (PKB), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Pacer US Small Cap Cash Cows 100 ETF (CALF), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Hoya Capital Housing ETF (HOMZ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Qraft AI-Enhanced Next Value ETF (NVQ).

M.D.C. (NYSE:MDC) pays an annual dividend of $2.00 per share and currently has a dividend yield of 4.70%. MDC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDC will have a dividend payout ratio of 49.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MDC.

Based on aggregate information from My MarketBeat watchlists, some companies that other M.D.C. investors own include Alibaba Group (BABA), Verizon Communications (VZ), Procter & Gamble (PG), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), Home Depot (HD), Johnson & Johnson (JNJ), Pfizer (PFE) and QUALCOMM (QCOM).

M.D.C. trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDC."

M.D.C.'s stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.99%), Dimensional Fund Advisors LP (7.24%), State Street Corp (3.39%), Principal Financial Group Inc. (2.49%), Hamlin Capital Management LLC (2.20%) and Charles Schwab Investment Management Inc. (1.86%). Insiders that own company stock include David D Mandarich, David E Blackford, David Siegel, Herbert T Buchwald, Larry A Mizel, Leslie B Fox, Michael A Berman, Paris G Reece III, Raymond T Baker, Robert Nathaniel Martin and Staci M Woolsey.
View institutional ownership trends.

Shares of MDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDC stock can currently be purchased for approximately $42.52.

M.D.C. (NYSE:MDC) has a market capitalization of $3.11 billion and generates $5.72 billion in revenue each year. The construction company earns $562.14 million in net income (profit) each year or $6.73 on an earnings per share basis.

The company employs 1,643 workers across the globe.

M.D.C.'s mailing address is 4350 S MONACO STREET SUITE 500, DENVER CO, 80237. The official website for the company is www.mdcholdings.com. The construction company can be reached via phone at (303) 773-1100, via email at ir@mdch.com, or via fax at 303-771-3461.