MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Gladius Capital Management LP

Gladius Capital Management LP decreased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,240 shares of the utilities provider’s stock after selling 550 shares during the quarter. Gladius Capital Management LP’s holdings in MDU Resources Group were worth $44,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDU. Fifth Third Bancorp grew its holdings in shares of MDU Resources Group by 50.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 756 shares during the period. Planned Solutions Inc. acquired a new stake in MDU Resources Group in the fourth quarter valued at $66,000. Tompkins Financial Corp increased its position in shares of MDU Resources Group by 89.7% in the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock valued at $71,000 after buying an additional 1,704 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of MDU Resources Group during the 4th quarter worth $178,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of MDU Resources Group in the 3rd quarter worth about $182,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Insider Buying and Selling

In other news, insider Rob L. Johnson purchased 36,291 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $25.46 per share, for a total transaction of $923,968.86. Following the completion of the purchase, the insider now directly owns 41,934 shares of the company’s stock, valued at approximately $1,067,639.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

MDU Resources Group Price Performance

MDU Resources Group stock traded up $0.14 during midday trading on Thursday, reaching $25.55. 1,201,976 shares of the company were exchanged, compared to its average volume of 1,260,164. The firm’s 50-day simple moving average is $23.96 and its 200-day simple moving average is $21.04. MDU Resources Group, Inc. has a 1 year low of $18.04 and a 1 year high of $25.78. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 2.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.43.

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

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.96%. MDU Resources Group’s payout ratio is 21.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report 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.