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Are we looking at the next big move in MDU Resources Group Inc (MDU)?

MDU Resources Group Inc (NYSE: MDU) is 28.54% higher on its value in year-to-date trading and has touched a low of $18.04 and a high of $25.23 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 $25.20 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $25.45, the stock is 11.85% and 20.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing 0.99% at the moment leaves the stock 25.66% off its SMA200. MDU registered 22.84% gain for a year compared to 6-month gain of 28.73%. The firm has a 50-day simple moving average (SMA 50) of $1.63 and a 200-day simple moving average (SMA200) of $8.77.

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The stock witnessed a 17.39% loss in the last 1 month and extending the period to 3 months gives it a 28.21%, and is 10.65% 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 2.28% over the week and 1.96% over the month.

MDU Resources Group Inc (MDU) has around 9145 employees, a market worth around $5.18B and $4.96B in sales. Current P/E ratio is 12.52 and Fwd P/E is 15.15. Profit margin for the company is 8.35%. Distance from 52-week low is 41.08% and 0.87% from its 52-week high. The company has generated returns on investments over the last 12 months (7.98%).

MDU Resources Group Inc quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $1.33B over the same period.The EPS is expected to grow by 4.33% this year, but quarterly earnings will post -1.00% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.

MDU Resources Group Inc (MDU) Top Institutional Holders

478 institutions hold shares in MDU Resources Group Inc (MDU), with institutional investors hold 73.76% of the company’s shares. The shares outstanding are 203.69M, and float is at 194.28M with Short Float at 1.25%. Institutions hold 72.88% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 21.93 million shares valued at $459.19 million. The investor’s holdings represent 10.77% of the MDU Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.09 million shares valued at $399.73 million to account for 9.37% of the shares outstanding. The other top investors are State Street Corporation which holds 14.63 million shares representing 7.19% and valued at over $306.39 million, while Corvex Management LP holds 4.98% of the shares totaling 10.15 million with a market value of $212.48 million.

MDU Resources Group Inc (MDU) Insider Activity

The most recent transaction is an insider purchase by Rosenthal Dale,the company’sDirector. SEC filings show that Rosenthal Dale bought 375 shares of the company’s common stock on Mar 12 ’24 at a price of $22.55 per share for a total of $8456.0. Following the purchase, the insider now owns 16499.0 shares.

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