As of Friday close, M.D.C. Holdings Inc.’s (NYSE:MDC) stock was up $0.07, moving up 0.15 percent to $46.35. The average number of shares traded per day over the past five days has been 514,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.56 fall in that time frame. In the last twenty days, the average volume was 612,415, while in the previous 50 days, it was 689,676.
Since last month, MDC stock rose 0.15%. Shares of the company fell to $45.74 on 08/18/23, the lowest level in the past month. A 52-week high of $51.94 was reached on 08/07/23 after having rallying from a 52-week low of $27.04. Since the beginning of this year, MDC’s stock price has risen by 46.68% or $14.75, and marked a new high 35 times. However, the stock has declined by -10.76% since its 52-week high.
MDC stock investors should be aware that M.D.C. Holdings Inc. (MDC) stock had its last reported insider trading activity 19 days ago on Jul 31. REECE PARIS G III, the Director of the company, disposed of 15,000 shares for $50.88 on Jul 31. It resulted in a $763,200 divestment by the insider. Martin Robert Nathaniel sold 19,839 shares at an average price of $49.94 on Jul 28. The insider now owns 299,962 shares following the transaction. On Jul 28, Director BLACKFORD DAVID E sold 5,634 shares at $50.38 apiece. The transaction was valued at $283,841.
Valuation Metrics
Right now, M.D.C. Holdings Inc. (MDC) has a P/E ratio of about 8.60. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 0.67, the price-to-book (PB) ratio of 1.05, and the price-to-cash flow ratio of 2.55 may also be considered.
The latest dividend of $0.55 per share was paid out, which is 10.0% more than last year’s $0.50. On Monday July 24 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.46, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 21.40% percent. In the year ended June 29, EBITDA margin amounted to 13.77%, whereas operating margins totaled 10.20%. Based on annual data, MDC earned $1.38 billion in gross profit and brought in $5.72 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.30%. Return on equity (ROE) for the past 12 months was 12.70%.
In M.D.C. Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $10.0 million against cash and short-term investments of $597.15 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MDC’s revenue fell -31.48% to $1.02 billion during the quarter, while net income inched up to $1.1 billion. While analysts expected M.D.C. Holdings Inc. to report $0.74 quarterly earnings, the actual figure was $1.24 per share, beating the consensus estimate by 67.60%. During the quarter, the company generated $86.95 million in EBITDA. The liabilities of M.D.C. Holdings Inc. were 2.19 billion at the end of its most recent quarter ended June 29, and its total debt was $1.64 billion. The value of shareholders’ equity is $74.55 million.
Technical Picture
This quick technical analysis looks at M.D.C. Holdings Inc.’s (MDC) price momentum. With a historical volatility rate of 22.87%, the RSI 9-day stood at 28.82% on 18 August.
With respect to its five-day moving average, the current M.D.C. Holdings Inc. price is down by -7.13% percent or -$3.56. At present, MDC shares trade -0.30% below its 20-day simple moving average and +22.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.27% above its SMA50 and +52.17% above its SMA200.
Stochastic coefficient K was 18.02% and Stochastic coefficient D was 33.22%, while ATR was 1.53. Given the Stochastic reading of 9.77% for the 14-day period, the RSI (14) reading has been calculated as 38.51%. As of today, the MACD Oscillator reading stands at -2.16, while the 14-day reading stands at -2.82.
Analyst Ratings
Raymond James upgraded its rating on M.D.C. Holdings Inc. (NYSE: MDC) to an Outperform in a note to investors on July 14, 2023. The analysts firm previously had a Mkt perform rating on the stock.M.D.C. Holdings Inc. (MDC) has been rated Hold by analysts. According to 1 brokerage firm, MDC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate M.D.C. Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $53.50, the current consensus forecast for the stock is $49.00 – $60.00. Based on these forecasts, analysts predict M.D.C. Holdings Inc. (MDC) will achieve an average price target of $54.00.
