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M.D.C. Holdings, Inc. (MDC) engages in the homebuilding and financial service businesses. 
Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.
The company conducts its homebuilding operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Alabama, Florida, Maryland, Pennsylvania, Tennessee, and Virginia.
Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, Pennsylvania, and Virginia.
On July 27th, MDC reported earnings of $1.24 per share on revenue of $1.14 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.69 per share on revenue of $931.97 million. Shares are heading higher in an upward trading channel, and higher share prices are expected.
Entry Point: $50.00
Stop Loss: $47.50
Trading Range: $27.04 to $51.94
Target Price: $55.00
