MDU Resources Group Inc (NYSE: MDU) is 63.17% higher on its value in year-to-date trading and has touched a low of $10.14 and a high of $18.40 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 $18.26 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $17.89, the stock is 7.44% and 13.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing -2.03% at the moment leaves the stock 27.99% off its SMA200. MDU registered 72.13% gain for a year compared to 6-month gain of 28.72%. The firm has a 50-day simple moving average (SMA 50) of $15.710454 and a 200-day simple moving average (SMA200) of $13.9843445.
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The stock witnessed a 8.31% loss in the last 1 month and extending the period to 3 months gives it a 30.80%, and is 2.17% 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 2.39% over the week and 3.17% over the month.
MDU Resources Group Inc (MDU) has around 9145 employees, a market worth around $3.65B and $4.45B in sales. Current P/E ratio is 9.21 and Fwd P/E is 18.66. Profit margin for the company is 8.92%. Distance from 52-week low is 76.36% and -2.77% from its 52-week high. The company has generated returns on investments over the last 12 months (7.41%).
MDU Resources Group Inc quarterly earnings per share for the current quarter are estimated at 0.34 with sales reaching $998.85M over the same period.The EPS is expected to grow by 42.38% this year, but quarterly earnings will post -7.44% year-over-year. Quarterly sales are estimated to shrink -12.02% in year-over-year returns.
506.0 institutions hold shares in MDU Resources Group Inc (MDU), with institutional investors hold 76.34% of the company’s shares. The shares outstanding are 203.69M, and float is at 198.14M with Short Float at 5.10%. Institutions hold 75.86% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.52 million shares valued at $514.98 million. The investor’s holdings represent 10.0684 of the MDU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.61 million shares valued at $467.1 million to account for 9.1322 of the shares outstanding. The other top investors are CORVEX MANAGEMENT LP which holds 10.15 million shares representing 4.9794 and valued at over $254.69 million, while DIMENSIONAL FUND ADVISORS LP holds 3.6765 of the shares totaling 7.49 million with a market value of $188.05 million.
MDU Resources Group Inc (MDU) Insider Activity
The most recent transaction is an insider purchase by Johnson Rob L., the company’s President-WBI Holdings. SEC filings show that Johnson Rob L. bought 36,291 shares of the company’s common stock on May 07 ’24 at a price of $25.46 per share for a total of $0.92 million. Following the purchase, the insider now owns 41934.0 shares.
MDU Resources Group Inc disclosed in a document filed with the SEC on Mar 12 ’24 that Rosenthal Dale (Director) bought a total of 375 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $22.55 per share for $8456.0. Following the transaction, the insider now directly holds 16499.0 shares of the MDU stock.
