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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M.D.C. in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued 12 month target prices for M.D.C.'s stock. Their MDC share price forecasts range from $27.50 to $60.00. On average, they anticipate the company's share price to reach $46.17 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
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 start of the year. Since then, MDC stock has increased by 30.3% and is now trading at $41.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MDC earnings forecast.

M.D.C. Holdings, Inc. (NYSE:MDC) issued its quarterly earnings data on Thursday, July, 27th. The construction company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.55. The construction company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $939.10 million. M.D.C. had a net margin of 7.74% and a trailing twelve-month return on equity of 12.80%. The company's revenue was down 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share.

M.D.C. declared a quarterly dividend on Monday, July 24th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.55 per share on Wednesday, August 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, August 8th. This is an increase from the stock's previous quarterly dividend of $0.50.
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 S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco Building & Construction ETF (PKB), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Pacer US Small Cap Cash Cows 100 ETF (CALF), Freedom Day Dividend ETF (MBOX), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Hoya Capital Housing ETF (HOMZ).

M.D.C. (NYSE:MDC) pays an annual dividend of $2.20 per share and currently has a dividend yield of 5.31%. MDC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDC will have a dividend payout ratio of 39.01% 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.27%), Dimensional Fund Advisors LP (7.35%), State Street Corp (3.46%), Principal Financial Group Inc. (2.42%), Hamlin Capital Management LLC (2.18%) and Charles Schwab Investment Management Inc. (1.93%). 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.
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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 $41.18.

M.D.C. (NYSE:MDC) has a market capitalization of $3.07 billion and generates $5.15 billion in revenue each year. The construction company earns $562.14 million in net income (profit) each year or $5.38 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.