Zacks Investment Research downgraded shares of M.D.C. (NYSE:MDC) from a buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “M.D.C. Holdings, Inc. engages in homebuilding and financial service businesses in the United States. It is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. MDC’s homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream. MDC’s commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. The Company’s subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through Home American Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. “

Several other research analysts also recently commented on MDC. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, July 8th. JPMorgan Chase & Co. raised shares of M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th. Finally, Wedbush started coverage on shares of Uber Technologies in a research note on Wednesday, May 1st. They set an outperform rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. M.D.C. has a consensus rating of Buy and a consensus price target of $33.80.

MDC stock opened at $37.24 on Tuesday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 10.28, a PEG ratio of 1.30 and a beta of 1.15. M.D.C. has a one year low of $25.14 and a one year high of $37.60. The business’s 50 day simple moving average is $33.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.58 and a quick ratio of 2.19.

M.D.C. (NYSE:MDC) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $647.28 million for the quarter, compared to the consensus estimate of $597.26 million. M.D.C. had a net margin of 6.90% and a return on equity of 14.20%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, equities analysts forecast that M.D.C. will post 3.33 EPS for the current fiscal year.

In related news, Director Herbert T. Buchwald sold 30,618 shares of M.D.C. stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $32.38, for a total value of $991,410.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Larry A. Mizel sold 8,872 shares of M.D.C. stock in a transaction on Friday, May 10th. The stock was sold at an average price of $31.78, for a total transaction of $281,952.16. Following the completion of the transaction, the chairman now directly owns 134,830 shares in the company, valued at $4,284,897.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 234,962 shares of company stock worth $7,671,544. 26.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MDC. CVentures Inc. purchased a new position in shares of M.D.C. in the fourth quarter worth $206,427,000. Norges Bank bought a new stake in M.D.C. in the fourth quarter valued at $17,223,000. Bank of New York Mellon Corp boosted its holdings in M.D.C. by 27.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,483,767 shares of the construction company’s stock valued at $41,708,000 after acquiring an additional 317,949 shares in the last quarter. Millennium Management LLC boosted its holdings in M.D.C. by 209.1% in the fourth quarter. Millennium Management LLC now owns 287,754 shares of the construction company’s stock valued at $8,089,000 after acquiring an additional 194,662 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in M.D.C. by 134.6% in the fourth quarter. Deutsche Bank AG now owns 254,857 shares of the construction company’s stock valued at $7,162,000 after acquiring an additional 146,234 shares in the last quarter. 74.68% of the stock is currently owned by institutional investors.

About M.D.C.

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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