Dynamic Technology Lab Private Ltd Invests $640,000 in MDU Resources Group, Inc. (NYSE:MDU)

Dynamic Technology Lab Private Ltd bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,495 shares of the utilities provider’s stock, valued at approximately $640,000.

A number of other large investors have also recently bought and sold shares of the company. Principal Securities Inc. lifted its stake in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 914 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of MDU Resources Group by 99.6% during the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 915 shares during the last quarter. Crews Bank & Trust acquired a new position in MDU Resources Group during the fourth quarter valued at $39,000. Atlas Capital Advisors Inc. lifted its position in MDU Resources Group by 84.4% during the fourth quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,138 shares during the period. Finally, Blue Trust Inc. boosted its holdings in MDU Resources Group by 19.4% in the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Insider Activity

In other news, Director Dennis W. Johnson purchased 30,000 shares of the stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $2,997,962.24. The trade was a 19.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $15.68 on Tuesday. The firm has a market cap of $3.20 billion, a PE ratio of 11.36, a P/E/G ratio of 2.76 and a beta of 0.68. The business has a 50-day moving average price of $16.92 and a 200 day moving average price of $19.97. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a twelve month low of $12.99 and a twelve month high of $20.39.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share 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%. Sell-side analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. MDU Resources Group’s dividend payout ratio (DPR) is 37.68%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price objective for the company. StockNews.com lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus 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.