Dynamic Technology Lab Private Ltd bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,495 shares of the utilities provider's stock, valued at approximately $640,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of MDU. Principal Securities Inc. boosted its holdings in MDU Resources Group by 164.4% in the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 914 shares during the period. V Square Quantitative Management LLC raised its position in shares of MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock worth $33,000 after buying an additional 915 shares in the last quarter. Crews Bank & Trust bought a new stake in MDU Resources Group during the fourth quarter valued at $39,000. Atlas Capital Advisors Inc. grew its position in MDU Resources Group by 84.4% during the fourth quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock worth $45,000 after buying an additional 1,138 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in MDU Resources Group by 19.4% in the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock worth $63,000 after acquiring an additional 570 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
MDU has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on MDU Resources Group in a research report on Wednesday, January 8th. They set a "hold" rating and a $18.00 price target for the company. StockNews.com lowered shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.00.
View Our Latest Stock Analysis on MDU
Insider Activity at MDU Resources Group
In other news, Director Dennis W. Johnson bought 30,000 shares of the company's stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the completion of the acquisition, the director now owns 180,166 shares in the company, valued at approximately $2,997,962.24. This trade represents a 19.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.
MDU Resources Group Trading Up 2.1 %
Shares of MDU traded up $0.34 during mid-day trading on Friday, reaching $16.49. The company's stock had a trading volume of 1,545,767 shares, compared to its average volume of 2,524,946. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 52 week low of $12.99 and a 52 week high of $20.39. The company's fifty day moving average price is $16.72 and its two-hundred day moving average price is $19.54. The stock has a market cap of $3.37 billion, a PE ratio of 11.95, a P/E/G ratio of 2.76 and a beta of 0.68.
MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.
MDU Resources Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, March 13th. MDU Resources Group's payout ratio is 37.68%.
MDU Resources Group Company Profile
(
Free Report)
MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.
Further Reading
Before you consider MDU Resources Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MDU Resources Group wasn't on the list.
While MDU Resources Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
