Amalgamated Bank decreased its holdings in M.D.C. Holdings, Inc. (NYSE:MDC – Get Rating) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,091 shares of the construction company's stock after selling 1,364 shares during the quarter. Amalgamated Bank's holdings in M.D.C. were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its holdings in M.D.C. by 65.2% in the first quarter. Quadrant Capital Group LLC now owns 884 shares of the construction company's stock worth $33,000 after purchasing an additional 349 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in M.D.C. by 5.4% in the first quarter. Mutual of America Capital Management LLC now owns 8,146 shares of the construction company's stock worth $308,000 after purchasing an additional 421 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in M.D.C. by 3.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 11,836 shares of the construction company's stock worth $448,000 after purchasing an additional 424 shares in the last quarter. Lumbard & Kellner LLC raised its holdings in M.D.C. by 0.5% in the first quarter. Lumbard & Kellner LLC now owns 106,585 shares of the construction company's stock worth $4,032,000 after purchasing an additional 529 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in M.D.C. by 55.7% in the first quarter. Exchange Traded Concepts LLC now owns 1,549 shares of the construction company's stock worth $59,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company downgraded M.D.C. from an "equal weight" rating to an "underweight" rating and set a $27.00 price objective for the company. in a report on Friday, June 17th. JPMorgan Chase & Co. reduced their price target on M.D.C. from $40.50 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.33.

Insiders Place Their Bets

M.D.C. Price Performance

Shares of NYSE:MDC opened at $28.78 on Thursday. M.D.C. Holdings, Inc. has a 1-year low of $27.26 and a 1-year high of $56.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 7.31 and a quick ratio of 1.46. The business has a fifty day moving average price of $32.85 and a 200-day moving average price of $35.22. The company has a market capitalization of $2.05 billion, a PE ratio of 3.27 and a beta of 1.39.

M.D.C. (NYSE:MDC – Get Rating) last issued its earnings results on Thursday, July 28th. The construction company reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.50 by $0.09. M.D.C. had a return on equity of 24.31% and a net margin of 11.71%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. M.D.C.'s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that M.D.C. Holdings, Inc. will post 9.21 EPS for the current fiscal year.

M.D.C. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Tuesday, August 9th. M.D.C.'s dividend payout ratio (DPR) is 22.70%.

About M.D.C.

(Get Rating)

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.

Read More

• Get a free copy of the StockNews.com research report on M.D.C. (MDC)
• This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
• A Trio of Q3 Winners With Room to Run
• Can HCA Healthcare Weather the Normalization?
• Can United Natural Foods Fight Both Inflation and the Fed?
• Mullen Automotive Is Ready To Get In Gear

Want to see what other hedge funds are holding MDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M.D.C. Holdings, Inc. (NYSE:MDC – Get Rating).

Receive News & Ratings for M.D.C. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M.D.C. and related companies with MarketBeat.com's FREE daily email newsletter.