Look For Institutional Buying In MDU Resources Group Inc (NYSE: MDU)

MDU Resources Group Inc (MDU) concluded trading on Thursday at a closing price of $25.02, with 2.36 million shares of worth about $59.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.85% during that period and on June 27, 2024 the price saw a loss of about -0.48%. Currently the company’s common shares owned by public are about 203.69M shares, out of which, 196.13M shares are available for trading.

Stock saw a price change of -0.71% in past 5 days and over the past one month there was a price change of -0.83%. Year-to-date (YTD), MDU shares are showing a performance of 26.36% which increased to 20.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.04 but also hit the highest price of $25.99 during that period. The average intraday trading volume for MDU Resources Group Inc shares is 1.27 million. The stock is currently trading 0.44% above its 20-day simple moving average (SMA20), while that difference is up 0.34% for SMA50 and it goes to 16.55% higher than SMA200.

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MDU Resources Group Inc (NYSE: MDU) currently have 203.69M outstanding shares and institutions hold larger chunk of about 73.39% of that.

The stock has a current market capitalization of $5.10B and its 3Y-monthly beta is at 0.79. PE ratio of stock for trailing 12 months is 10.70, while it has posted earnings per share of $2.34 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MDU, volatility over the week remained 1.62% while standing at 1.71% over the month.

Stock’s fiscal year EPS is expected to rise by 6.62% while it is estimated to increase by 5.67% in next year. EPS is likely to shrink at an annualized rate of -1.10% for next 5-years, compared to annual growth of 7.93% 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 Argus on May 20, 2024 offering a Buy rating for the stock and assigned a target price of $30 to it. Coverage by BofA Securities stated MDU Resources Group Inc (MDU) stock as a Buy in their note to investors on June 01, 2023, suggesting a price target of $22 for the stock. On October 24, 2022, BofA Securities Downgrade their recommendations, while on August 05, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $30. Stock get a Buy rating from BofA Securities on March 23, 2021.

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