466 institutions hold shares in MDU Resources Group Inc. (MDU), with 1.88M shares held by insiders accounting for 0.94% while institutional investors hold 73.17% of the company’s shares. The shares outstanding are 200.52M, and float is at 198.65M with Short Float at 1.17%. Institutions hold 72.48% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 20.72 million shares valued at $545.88 million. The investor’s holdings represent 10.34% of the MDU Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 17.07 million shares valued at $449.6 million to account for 8.51% of the shares outstanding. The other top investors are State Street Corporation which holds 13.7 million shares representing 6.83% and valued at over $360.86 million, while Lsv Asset Management holds 3.44% of the shares totaling 6.91 million with a market value of $181.96 million.
MDU Resources Group Inc. (NYSE: MDU) is 18.79% higher on its value in year-to-date trading and has touched a low of $18.50 and a high of $32.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MDU stock was last observed hovering at around $31.52 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $36.00 for the next 12 months. It is also 15.43% off the consensus price target high of $37.00 offered by 4 analysts, but current levels are -4.3% lower than the price target low of $30.00 for the same period.
Currently trading at $31.29, the stock is 2.88% and 8.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.73% at the moment leaves the stock 26.12% off its SMA200. MDU registered 40.76% gain for a year compared to 6-month gain of 41.46%. The firm has a 50-day simple moving average (SMA 50) of $29.54 and a 200-day simple moving average (SMA200) of $26.06.
The stock witnessed a 9.71% loss in the last 1 month and extending the period to 3 months gives it a 21.89%, and is 1.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.50% over the week and 2.64% over the month.
MDU Resources Group Inc. (MDU) has around 13359 employees, a market worth around $6.32B and $5.53B in sales. Current P/E ratio is 16.08 and Fwd P/E is 14.27. Profit margin for the company is 6.50%. Distance from 52-week low is 69.14% and -2.58% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
MDU Resources Group Inc. (MDU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MDU Resources Group Inc. (MDU) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
MDU Resources Group Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $588.41M over the same period.The EPS is expected to grow by 25.70% this year, but quarterly earnings will post 7.10% year-over-year.
MDU Resources Group Inc. (MDU) Insider Activity
A total of 36 insider transactions have happened at MDU Resources Group Inc. (MDU) in the last six months, with sales accounting for 12 and purchases happening 24 times. The most recent transaction is an insider purchase by Vollmer Jason L, the company’s VP, CFO & Treasurer. SEC filings show that Vollmer Jason L bought 1,000 shares of the company’s common stock on Nov 11 at a price of $24.93 per share for a total of $24925.0. Following the purchase, the insider now owns 10938.0 shares.
MDU Resources Group Inc. disclosed in a document filed with the SEC on Aug 20 that SPARBY DAVID M (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 20 and was made at $22.52 per share for $45040.0. Following the transaction, the insider now directly holds 20807.0 shares of the MDU stock.
Still, SEC filings show that on May 18, Link Margaret A (VP and CIO) acquired 5,000 shares at an average price of $21.39 for $0.11 million. The insider now directly holds 5,000 shares of MDU Resources Group Inc. (MDU).
MDU Resources Group Inc. (MDU): Who are the competitors?
The company’s main competitors (and peers) include Xcel Energy Inc. (XEL) that is trading 14.51% up over the past 12 months and Black Hills Corporation (BKH) that is 5.06% higher over the same period. Vulcan Materials Company (VMC) is 66.64% up on the 1-year trading charts. Short interest in the company’s stock has risen 22.75% from the last report on Feb 11, 2021 to stand at a total of 1.8 million short shares sold with a short interest ratio of 2.39.