Dennis W. Johnson Buys 30,000 Shares of MDU Resources Group, Inc. (NYSE:MDU) Stock

MDU Resources Group, Inc. (NYSE:MDU) Director Dennis W. Johnson acquired 30,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the purchase, the director now directly owns 180,166 shares in the company, valued at $2,997,962.24. This represents a 19.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $16.85 on Thursday. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.61 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $22.34. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that MDU Resources Group, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDU. Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday, November 4th. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $31.00 to $17.00 in a research note on Tuesday, November 5th. Jefferies Financial Group initiated coverage on MDU Resources Group in a research report on Wednesday, January 8th. They set a “hold” rating and a $18.00 price target on the stock. Finally, StockNews.com lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One investment 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.00.

Hedge Funds Weigh In On MDU Resources Group

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in MDU Resources Group by 23.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 413 shares during the last quarter. Truist Financial Corp purchased a new position in shares of MDU Resources Group in the 2nd quarter worth about $218,000. Cetera Investment Advisers increased its position in shares of MDU Resources Group by 47.4% during the 2nd quarter. Cetera Investment Advisers now owns 50,114 shares of the utilities provider’s stock valued at $1,258,000 after purchasing an additional 16,125 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of MDU Resources Group by 7.4% during the 3rd quarter. Inspire Investing LLC now owns 15,019 shares of the utilities provider’s stock valued at $412,000 after buying an additional 1,033 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in MDU Resources Group in the 3rd quarter worth approximately $210,000. Institutional investors own 71.44% of the company’s stock.

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.