M.D.C. Holdings, Inc. was founded in 1972. MDC's homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream for more than 210,000 homebuyers since 1977. MDC's commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Diego, Orange County, San Francisco Bay Area, Sacramento, Washington D.C., Baltimore, Orlando, Jacksonville, Seattleand Portland. MDC's subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol 'MDC.'

Company profile
Ticker
MDC
Exchange
Website
CEO
Larry Mizel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MDC HOLDINGS INC
SEC CIK
Corporate docs
Subsidiaries
Allegiant Insurance Company, Inc. • American Home Insurance Agency, Inc. • American Home Title and Escrow Company • HomeAmerican Mortgage Corporation • M.D.C. Land Corporation • Richmond Developments Limited • RAH of Florida, Inc. • Richmond American Construction, Inc. • Richmond American Construction NM, Inc. • Richmond American Homes Corporation ...
IRS number
840622967
MDC stock data
News

Wells Fargo Revises Ratings On These Homebuilders - Read Why
17 Jun 22
Benzinga's Top Ratings Upgrades, Downgrades For June 17, 2022
17 Jun 22
Wells Fargo Downgrades M.D.C. Holdings to Underweight, Announces $27 Price Target
17 Jun 22
Stocks That Hit 52-Week Lows On Monday
13 Jun 22
Looking Into M.D.C. Holdings's Return On Invested Capital
4 May 22
Press releases
Richmond American Opens Debut Community Near Albuquerque
24 Jun 22
M.D.C. HOLDINGS ANNOUNCES 2022 SECOND QUARTER EARNINGS RELEASE SCHEDULE AND CONFERENCE CALL
24 Jun 22
Richmond American Debuts New Community and Homes in Pueblo
20 Jun 22
Richmond American Debuts New Model Homes in Rancho Cordova
13 Jun 22
New Richmond American Community in St. Johns County Now Open
7 Jun 22
Analyst ratings and price targets
Current price
Average target
$33.00
Low target
$27.00
High target
$39.00
Wells Fargo
Downgraded
$27.00
JP Morgan
Maintains
$39.00
Calendar
28 Apr 22
2 Jul 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 588.35M | 588.35M | 588.35M | 588.35M | 588.35M | 588.35M |
Cash burn (monthly) | 5.04M | 15.69M | (no burn) | (no burn) | (no burn) | 2.66M |
Cash used (since last report) | 15.44M | 48.09M | n/a | n/a | n/a | 8.17M |
Cash remaining | 572.91M | 540.26M | n/a | n/a | n/a | 580.18M |
Runway (months of cash) | 113.8 | 34.4 | n/a | n/a | n/a | 217.7 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Jun 22 | Herbert T Buchwald | Common Stock $.01 Par Value | Gift | Dispose G | Yes | No | 0 | 50 | 0 | 21,278 |
21 May 22 | Rebecca Givens | Common Stock $.01 Par Value | Payment of exercise | Dispose F | No | No | 36.95 | 1,573 | 58.12K | 5,307 |
17 May 22 | Mizel Larry A | Common Stock $.01Par Value | Other | Acquire J | Yes | No | 0 | 1,000,000 | 0 | 1,000,000 |
17 May 22 | Mizel Larry A | Common Stock $.01Par Value | Other | Dispose J | Yes | No | 0 | 1,000,000 | 0 | 3,287,730 |
17 May 22 | Herbert T Buchwald | Common Stock $.01 Par Value | Sell | Dispose S | Yes | No | 37.64 | 9,950 | 374.52K | 10 |
3 May 22 | David E Blackford | Common Stock $.01 Par Value | Sell | Dispose S | No | No | 38.12 | 3,000 | 114.36K | 19,748 |
Institutional ownership, Q1 2022
70.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 285 |
Opened positions | 33 |
Closed positions | 67 |
Increased positions | 120 |
Reduced positions | 91 |
13F shares | Current |
---|---|
Total value | 1.9B |
Total shares | 50.08M |
Total puts | 108.2K |
Total calls | 117K |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 11.77M | $445.34M |
Vanguard | 6.41M | $242.62M |
Dimensional Fund Advisors | 4.24M | $160.47M |
STT State Street | 2.52M | $95.22M |
Hamlin Capital Management | 2.01M | $75.97M |
PFG Principal Financial Group Inc - Registered Shares | 1.33M | $50.18M |
BK Bank Of New York Mellon | 1.08M | $40.73M |
LSV Asset Management | 1.06M | $40.1M |
Capital World Investors | 1.04M | $39.54M |
Geode Capital Management | 977.49K | $36.99M |
Financial report summary
?Risks
- Public health issues such as the global Coronavirus/COVID-19 pandemic could harm business and results of operations of the Company.
- Changes in general economic, real estate and other business conditions may have an adverse effect on the homebuilding and mortgage industries, which could have a negative impact on our business.
- Increased competition levels in the homebuilding and mortgage lending industries could have a negative impact on our homebuilding and mortgage operations.
- If land is not available at reasonable prices or terms, we could be required to scale back our operations in a given market and/or we may operate at lower levels of profitability.
- Supply shortages and other risks related to the demand for skilled labor and building materials could continue to increase costs and delay deliveries.
- If mortgage interest rates rise, if down payment requirements are increased, if loan limits are decreased, or if mortgage financing otherwise becomes less available, it could adversely affect our business.
- Changes to tax laws, incentives or credits currently available to our customers may negatively impact our business.
- Natural disasters could cause an increase in home construction costs, as well as delays, and could negatively impact our business.
- We have financial needs that we meet through the capital markets, including the debt and secondary mortgage markets, and disruptions in these markets could have an adverse impact on the results of our business.
- Our business is subject to numerous federal, state and local laws and regulations concerning land development, construction of homes, sales, mortgage lending, environmental and other aspects of our business. These laws and regulations could give rise to additional liabilities or expenditures, or restrictions on our business.
- In the ordinary course of business, we are required to obtain surety bonds, the unavailability of which could adversely affect our business.
- Product liability litigation and warranty claims that arise in the ordinary course of business may be costly.
- Repurchase requirements associated with HomeAmerican’s sale of mortgage loans, could negatively impact our business.
- Because of the seasonal nature of our business, our quarterly operating results can fluctuate.
- We are dependent on the services of key employees, and the loss of their services could hurt our business.
- Information technology failures and data security breaches could harm our business.
Content analysis
?Positive | ||
Negative | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
assigned, consummation, contracted, conveyed, disclosed, duration, environment, flat, footprint, geopolitical, inflationary, Interbank, London, Nashville, newest, Northern, occurrence, outlined, Overnight, quantitative, quickly, redemption, resilient, resource, Richmand, SOFR, strength, unemployment, varying, volatile
Removed:
acquired, amortization, ASU, carry, closely, consisted, count, cumulative, declared, demographic, dependent, eliminate, emerge, employment, enable, FASB, gain, global, grant, granted, harm, homeownership, household, impacting, Incentive, low, macroeconomic, measurement, met, minimal, modified, monitor, opening, origination, plan, positively, preliminary, procure, range, recognition, remained, representing, restated, retained, retrospective, Southern, stage, standard, successor, target, termination, threshold, unit, unrealized, variety, volume, wage
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
20 May 22
8-K
Entry into a Material Definitive Agreement
20 May 22
8-K
Regulation FD Disclosure
13 May 22
8-K
M.D.C. Holdings Announces First Quarter 2022 Results
28 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
27 Apr 22
8-K
MDC Holdings Subsidiary to Acquire the Assets of
22 Apr 22
8-K
Departure of Directors or Certain Officers
4 Feb 22
8-K
M.D.C. Holdings Announces 2021 Fourth Quarter and Full Year Results
1 Feb 22
8-K
M.D.C. Holdings Appoints Janice Sinden to Its Board of Directors
25 Jan 22
8-K
Entry into a Material Definitive Agreement
21 Dec 21
Registration and prospectus
424B2
Prospectus for primary offering
4 Aug 21
FWP
Free writing prospectus
3 Aug 21
424B5
Prospectus supplement for primary offering
3 Aug 21
S-8
Registration of securities for employees
30 Apr 21
424B2
Prospectus for primary offering
7 Jan 21
FWP
Free writing prospectus
7 Jan 21
424B5
Prospectus supplement for primary offering
6 Jan 21
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Nov 20
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 20
Proxies
DEFA14A
Additional proxy soliciting materials
20 Apr 22
DEFA14A
Additional proxy soliciting materials
2 Mar 22
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEFR14A
Revised proxy
7 Apr 21
DEFR14A
Revised proxy
24 Mar 21
DEFA14A
Additional proxy soliciting materials
2 Mar 21
DEF 14A
Definitive proxy
2 Mar 21
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
Other
UPLOAD
Letter from SEC
7 May 13
CORRESP
Correspondence with SEC
29 Apr 13
UPLOAD
Letter from SEC
24 Apr 13
CORRESP
Correspondence with SEC
16 Apr 13
UPLOAD
Letter from SEC
8 Apr 13
CORRESP
Correspondence with SEC
3 Apr 13
UPLOAD
Letter from SEC
24 Mar 13
CERTNYS
Certification of approval for NYSE listing
10 Jan 13
UPLOAD
Letter from SEC
9 Jul 12
CORRESP
Correspondence with SEC
24 Jun 12
Ownership
4
M.D.C. / HERBERT T BUCHWALD ownership change
23 Jun 22
4
M.D.C. / REBECCA GIVENS ownership change
23 May 22
4
M.D.C. / HERBERT T BUCHWALD ownership change
18 May 22
4
M.D.C. / LARRY A MIZEL ownership change
18 May 22
4
M.D.C. / DAVID E BLACKFORD ownership change
4 May 22
4
M.D.C. / David Siegel ownership change
1 Mar 22
4
M.D.C. / PARIS G REECE III ownership change
1 Mar 22
4
M.D.C. / HERBERT T BUCHWALD ownership change
1 Mar 22
4
M.D.C. / LARRY A MIZEL ownership change
10 Feb 22
SC 13G/A
M.D.C. / VANGUARD ownership change
9 Feb 22
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
2 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
2 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
30 Jan 20
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