The Vanguard Group, Inc. has recently announced that it has increased stake in M.D.C. Holdings, Inc. (NYSE:MDC) by 1.61%. After grabbing 6.86 million shares, the institutional investor is now in possession of 0.11 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.19% having worth around $379.25 million. Moreover, Dimensional Fund Advisors LP increased its share by 73134.0 to have a control over 5.56 million shares. And SSgA Funds Management, Inc. raised its holdings to 63932.0 shares by acquiring 2.64 million shares or 3.54% of the stake.
M.D.C. Holdings, Inc. (MDC) concluded trading on Wednesday at a closing price of $62.62, with 3.94 million shares of worth about $246.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.38% during that period and On Wednesday, January 24 the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 72.59M shares, out of which, 59.95M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 2,112,355 shares in 23 of the transactions. In 27 selling transactions, insiders dumped 1,811,616 shares.
iShares Core S&P Small Cap ETF, Pacer Fds. Tr. – US Small Cap Cas, and American Funds Small Cap World Fu are the top 3 mutual funds which are holding stakes in M.D.C. Holdings, Inc. iShares Core S&P Small Cap ETF is currently holding 4.01 million shares of worth totaling $221.42 million. The company recently came buying 3520.0 shares which brought its stake up to 5.37% of the company’s outstanding shares. Pacer Fds. Tr. – US Small Cap Cas bought 10728.0 shares, after which its hold over company’s outstanding shares expand to 3.41%, leaving 2.55 million shares with the mutual fund that have a worth of about $140.75 million. American Funds Small Cap World Fu, after buying 2.0 million shares, have now control over 2.68% of the stake in the company. It holds 0.0 shares of worth $110.56 million.
However, the stock later moved at a day high price of 62.88, or with a loss of -0.29%. Stock saw a price change of 17.95% in past 5 days and over the past one month there was a price change of 15.98%. Year-to-date (YTD), MDC shares are showing a performance of 13.34% which increased to 70.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.79 but also hit the highest price of $63.00 during that period. The average intraday trading volume for M.D.C. Holdings, Inc. shares is 747.52K. The stock is currently trading 11.63% above its 20-day simple moving average (SMA20), while that difference is up 23.53% for SMA50 and it goes to 38.62% higher than SMA200.
The Vanguard Group, Inc. acquired 6.86 million shares of M.D.C. Holdings, Inc. having value of about $379.25 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $6826456.68, or have control over 1.61% stake in the company. M.D.C. Holdings, Inc. (NYSE: MDC) currently have 72.59M outstanding shares and institutions hold larger chunk of about 79.33% of that. Holding of mutual funds in the company is about 27.75% while other institutional holders and individual stake holders have control over 52.18% and 20.06% of the stake respectively.
The stock has a current market capitalization of $4.68B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 13.02, while it has posted earnings per share of $4.81 in the same period. Its PEG reads 1.03 and has Quick Ratio of 2.75 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MDC, volatility over the week remained 0.56% while standing at 1.60% over the month.
Analysts are in expectations that M.D.C. Holdings, Inc. (MDC) stock would likely to be making an EPS of $1.49 in the current quarter, while forecast for next quarter EPS is $0.96 and it is $5.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.4 which is $1.56 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -31.45% while it is estimated to increase by 0.29% in next year. EPS is likely to shrink at an annualized rate of 12.70% for next 5-years, compared to annual growth of 29.25% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on November 02, 2023 offering a Buy rating for the stock and assigned a target price of $49 to it.
