MDU Resources Group (NYSE:MDU) CFO Purchases $81,350.00 in Stock

MDU Resources Group, Inc. (NYSE:MDU) CFO Jason Vollmer purchased 5,000 shares of MDU Resources Group stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $16.27 per share, for a total transaction of $81,350.00. Following the completion of the transaction, the chief financial officer owned 339,548 shares of the company’s stock, valued at approximately $5,524,445.96. This represents a 1.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $16.3750 on Thursday. The business’s fifty day simple moving average is $16.69 and its 200-day simple moving average is $16.82. The company has a market cap of $3.35 billion, a PE ratio of 15.45, a PEG ratio of 2.60 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The business had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.4%. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio is presently 49.06%.

Institutional Investors Weigh In On MDU Resources Group

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in MDU Resources Group by 28.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider’s stock valued at $1,119,000 after purchasing an additional 14,701 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MDU Resources Group by 241.9% in the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,304 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in MDU Resources Group by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 1,742 shares during the last quarter. Tidal Investments LLC purchased a new stake in MDU Resources Group in the fourth quarter valued at $185,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in MDU Resources Group by 16.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider’s stock valued at $1,174,000 after purchasing an additional 9,846 shares during the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.