Investing In M.D.C. Holdings, Inc. (NYSE: MDC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Richmond American Announces Grand Opening in Fredericksburg.

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Stocks Info

The company is listed on the NYSE and operates within the Residential Construction industry segment. The current market capitalization of M.D.C. Holdings, Inc. is $4.71B. A total of 1.72 million shares were traded on the day, compared to an average of 1.64M shares.

In the most recent transaction, BLACKFORD DAVID E sold 6,200 shares of MDC for 62.69 per share on Mar 11 ’24. After the transaction, the Director now owns 13,534 company shares. In a previous transaction on Sep 01 ’23, BLACKFORD DAVID E sold 2,771 shares at 48.04 per share. MDC shares that Director owns now total 19,734.

Among the insiders who sold shares, REECE PARIS G III disposed of 15,000 shares on Jul 31 ’23 at a per-share price of $50.88. This resulted in the Director holding 0 shares of MDC after the transaction. In another insider transaction, Martin Robert Nathaniel sold 19,839 shares at $49.94 per share on Jul 28 ’23. Company shares held by the SVP and CFO now total 299,962.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. M.D.C. Holdings, Inc. pays an annual dividend of $2.15, resulting in a dividend yield of 3.42%, and it has a price to earnings (P/E) ratio of 11.88. MDC’s most recent ex-dividend date was 2/6/2024 when it declared a $0.55 quarterly dividend that was paid in cash on 2/21/2024. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/7/2023. The MDC stock dividend was $0.55 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MDC has a high of $63.00 and a low of $36.47.

As of this writing, MDC has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.34 per share and a lower estimate of $0.77. The company reported an EPS of $1.4 in the last quarter, which was 16.70% higher than expectations of $1.2.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MDC’s latest balance sheet shows that the firm has $590.66M in Cash & Short Term Investments as of fiscal 2021. There were $1.77B in debt and $605.20M in liabilities at the time. Its Book Value Per Share was $45.24, while its Total Shareholder’s Equity was $2.60B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDC is Buy with a score of 3.00.

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