Insider Selling: M.D.C. Holdings, Inc. (MDC) Director Sells 52,500 Shares of Stock

M.D.C. Holdings, Inc. (NYSE:MDC) Director Michael A. Berman sold 52,500 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $35.60, for a total value of $1,869,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Michael A. Berman also recently made the following trade(s):

  • On Thursday, March 9th, Michael A. Berman sold 26,250 shares of M.D.C. Holdings stock. The stock was sold at an average price of $30.35, for a total transaction of $796,687.50.
  • On Wednesday, March 8th, Michael A. Berman sold 4,400 shares of M.D.C. Holdings stock. The stock was sold at an average price of $29.88, for a total transaction of $131,472.00.

M.D.C. Holdings, Inc. (NYSE:MDC) traded up 0.12% on Friday, reaching $34.40. 717,586 shares of the company’s stock traded hands. The firm’s 50-day moving average is $33.61 and its 200 day moving average is $29.52. M.D.C. Holdings, Inc. has a 52-week low of $21.25 and a 52-week high of $35.99. The stock has a market capitalization of $1.77 billion, a PE ratio of 15.37 and a beta of 1.43.

M.D.C. Holdings (NYSE:MDC) last announced its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. M.D.C. Holdings had a net margin of 4.63% and a return on equity of 8.88%. The firm had revenue of $563.70 million during the quarter, compared to the consensus estimate of $503.65 million. During the same period last year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 42.1% on a year-over-year basis. Analysts forecast that M.D.C. Holdings, Inc. will post $2.51 EPS for the current year.

Insider Buying and Selling by Quarter for M.D.C. Holdings (NYSE:MDC)

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.91%. The ex-dividend date was Monday, May 8th.

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A number of institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of M.D.C. Holdings by 7.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the construction company’s stock valued at $225,000 after buying an additional 580 shares in the last quarter. Pitcairn Co. increased its position in shares of M.D.C. Holdings by 5.0% in the fourth quarter. Pitcairn Co. now owns 12,599 shares of the construction company’s stock worth $323,000 after buying an additional 598 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of M.D.C. Holdings by 102.7% in the third quarter. AMP Capital Investors Ltd now owns 25,289 shares of the construction company’s stock worth $656,000 after buying an additional 12,810 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of M.D.C. Holdings by 5.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 31,256 shares of the construction company’s stock worth $802,000 after buying an additional 1,488 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of M.D.C. Holdings by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 265,125 shares of the construction company’s stock worth $6,803,000 after buying an additional 12,625 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on MDC. Zacks Investment Research lowered shares of M.D.C. Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Wells Fargo & Company lowered shares of M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 16th. Citigroup Inc. lowered shares of M.D.C. Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, FBN Securities lowered shares of M.D.C. Holdings from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 17th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.00.

About M.D.C. Holdings

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

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