MDU Resources Group, Inc. (NYSE:MDU) Director Buys $499,200.00 in Stock

MDU Resources Group, Inc. (NYSE:MDU) Director Dennis W. Johnson purchased 30,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $16.64 per share, with a total value of $499,200.00. Following the transaction, the director now owns 180,166 shares in the company, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $16.85 on Thursday. The business’s fifty day simple moving average is $18.13 and its 200 day simple moving average is $22.34. 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 12 month low of $14.91 and a 12 month high of $30.52. The firm has a market capitalization of $3.44 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, topping 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%. As a group, analysts anticipate that MDU Resources Group, Inc. will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDU. V Square Quantitative Management LLC bought a new stake in shares of MDU Resources Group in the 3rd quarter worth approximately $25,000. Principal Securities Inc. increased its position in MDU Resources Group by 164.4% in the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock worth $26,000 after buying an additional 914 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of MDU Resources Group by 158.9% in the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after buying an additional 734 shares during the period. Crews Bank & Trust purchased a new position in shares of MDU Resources Group during the 4th quarter valued at $39,000. Finally, Capital Performance Advisors LLP bought a new position in shares of MDU Resources Group during the 3rd quarter worth $40,000. 71.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDU. StockNews.com downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, November 4th. 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 target price on the stock. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, MDU Resources Group presently has an average rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Company Profile

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.