M.D.C. Holdings, Inc. (NYSE:MDC) hit a new 52-week high on Thursday . The stock traded as high as $31.31 and last traded at $31.21, with a volume of 65081 shares traded. The stock had previously closed at $30.88.

A number of research analysts have weighed in on MDC shares. Zacks Investment Research raised shares of M.D.C. from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday. ValuEngine lowered shares of M.D.C. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $34.00.

The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.49 and a current ratio of 9.15.

M.D.C. (NYSE:MDC) last issued its earnings results on Thursday, January 31st. The construction company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.19). M.D.C. had a return on equity of 14.50% and a net margin of 6.93%. The company had revenue of $858.49 million for the quarter, compared to analyst estimates of $839.29 million. As a group, analysts anticipate that M.D.C. Holdings, Inc. will post 3.25 EPS for the current fiscal year.

In related news, SVP Michael Touff sold 36,741 shares of M.D.C. stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $28.84, for a total value of $1,059,610.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David D. Mandarich sold 55,000 shares of M.D.C. stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $29.65, for a total transaction of $1,630,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 194,089 shares of company stock worth $5,611,678 over the last quarter. 26.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of MDC. Comerica Bank raised its stake in M.D.C. by 0.7% in the fourth quarter. Comerica Bank now owns 49,645 shares of the construction company’s stock valued at $1,522,000 after purchasing an additional 338 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of M.D.C. by 1.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 36,901 shares of the construction company’s stock worth $1,037,000 after acquiring an additional 350 shares during the period. Piedmont Investment Advisors Inc. boosted its stake in shares of M.D.C. by 3.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,780 shares of the construction company’s stock worth $303,000 after acquiring an additional 378 shares during the period. Legal & General Group Plc boosted its stake in shares of M.D.C. by 0.4% in the fourth quarter. Legal & General Group Plc now owns 108,282 shares of the construction company’s stock worth $3,047,000 after acquiring an additional 454 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of M.D.C. by 14.1% in the fourth quarter. Bank of Montreal Can now owns 4,908 shares of the construction company’s stock worth $138,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors own 84.59% of the company’s stock.

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About M.D.C. (NYSE:MDC)

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.

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