Insider Buying: MDU Resources Group, Inc. (NYSE:MDU) Insider Acquires 36,291 Shares of Stock

MDU Resources Group, Inc. (NYSE:MDU) insider Rob L. Johnson purchased 36,291 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $25.46 per share, for a total transaction of $923,968.86. Following the completion of the transaction, the insider now directly owns 41,934 shares in the company, valued at $1,067,639.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

MDU Resources Group Stock Up 0.0 %

MDU Resources Group stock opened at $25.41 on Thursday. The stock has a market capitalization of $5.18 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $25.78. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $23.88 and a 200-day moving average of $21.01.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.33 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that MDU Resources Group, Inc. will post 1.55 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System boosted its holdings in MDU Resources Group by 29.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 280,244 shares of the utilities provider’s stock worth $7,062,000 after purchasing an additional 63,403 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in MDU Resources Group by 0.4% during the first quarter. Hudson Value Partners LLC now owns 210,808 shares of the utilities provider’s stock worth $5,312,000 after purchasing an additional 782 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in MDU Resources Group during the first quarter worth $249,000. Russell Investments Group Ltd. boosted its holdings in MDU Resources Group by 17.0% during the first quarter. Russell Investments Group Ltd. now owns 401,619 shares of the utilities provider’s stock worth $10,121,000 after purchasing an additional 58,220 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its holdings in MDU Resources Group by 60.7% during the first quarter. Qsemble Capital Management LP now owns 83,000 shares of the utilities provider’s stock worth $2,092,000 after purchasing an additional 31,366 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

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.