MDC Stock Recent News

The latest trading day saw M.D.C. Holdings, Inc. (MDC) settling at $39.23, representing a -0.28% change from its previous close.

Here is how M.D.C. Holdings, Inc. (MDC) and Meritage Homes (MTH) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

In the closing of the recent trading day, M.D.C. Holdings, Inc. (MDC) stood at $39.93, denoting a +1.94% change from the preceding trading day.

DENVER , Sept. 27, 2023 /PRNewswire/ -- M.D.C.

The heavy selling pressure might have exhausted for M.D.C. Holdings, Inc. (MDC) as it is technically in oversold territory now.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Banks currently are the industry group that is most popular with the top-performing newsletters that my auditing firm monitors.

I maintain a hold rating for MDC as I await 3Q23 results to confirm the start of the earnings normalization phase. 2Q23 earnings exceeded expectations, with a 54% growth in orders and improved pricing trends. It is important to remember that further increases in mortgage rates will certainly impact the earnings trajectory of the business.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.