MDU Resources Group Inc (NYSE: MDU) is -1.72% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $20.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDU stock was last observed hovering at around $18.10 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $17.71, the stock is -2.11% and -4.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -2.15% at the moment leaves the stock 14.46% off its SMA200. MDU registered 68.87% gain for a year compared to 6-month gain of 19.92%. The firm has a 50-day simple moving average (SMA 50) of $18.6272 and a 200-day simple moving average (SMA200) of $15.458437.
The stock witnessed a -1.77% loss in the last 1 month and extending the period to 3 months gives it a 10.78%, and is -3.80% down 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 2.45% over the week and 2.13% over the month.
MDU Resources Group Inc (MDU) has around 9145 employees, a market worth around $3.61B and $4.45B in sales. Current P/E ratio is 9.12 and Fwd P/E is 16.48. Profit margin for the company is 8.92%. Distance from 52-week low is 68.87% and -13.16% from its 52-week high. The company has generated returns on investments over the last 12 months (7.41%).
with sales reaching $790.56M over the same period.The EPS is expected to grow by 48.91% this year, but quarterly earnings will post -11.91% year-over-year. Quarterly sales are estimated to shrink -30.37% in year-over-year returns.
MDU Resources Group Inc (MDU) Top Institutional Holders
517.0 institutions hold shares in MDU Resources Group Inc (MDU), with institutional investors hold 77.41% of the company’s shares. The shares outstanding are 203.89M, and float is at 198.28M with Short Float at 2.68%. Institutions hold 76.93% 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.
