Director David Blackford Sells 6,200 Shares of M.D.C. Holdings Inc (MDC)
On March 11, 2024, David Blackford, a director of M.D.C. Holdings Inc (NYSE:MDC), sold 6,200 shares of the company. The transaction was filed with the SEC and can be found in the SEC Filing. This sale is part of a series of transactions by the insider over the past year, where David Blackford has sold a total of 17,376 shares and has not made any purchases of the company's stock.
M.D.C. Holdings Inc is a company that operates in the home construction and financial services sectors. The company's main subsidiary, Richmond American Homes, has been building homes for over 40 years and offers new construction homes in multiple states across the USA. M.D.C. Holdings Inc also provides mortgage financing, insurance, and title services through its subsidiaries, HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc., and American Home Title and Escrow Company.
The insider transaction history for M.D.C. Holdings Inc shows a pattern of insider sales, with 13 insider sells and no insider buys over the past year.
On the valuation front, shares of M.D.C. Holdings Inc were trading at $62.69 on the day of the insider's recent sale, giving the company a market capitalization of $4.704 billion. The price-earnings ratio stands at 11.87, which is above the industry median of 10.25 and also above the company's historical median price-earnings ratio.
According to the GF Value, with a share price of $62.69 and a GuruFocus Value of $36.91, M.D.C. Holdings Inc has a price-to-GF-Value ratio of 1.7, indicating that the stock is significantly overvalued.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
