MDU

Argus Research Upgrades MDU Resources Group (MDU)

Fintel reports that on May 20, 2024, Argus Research upgraded their outlook for MDU Resources Group (NYSE:MDU) from Hold to Buy.

Analyst Price Forecast Suggests 6.08% Upside

As of May 7, 2024, the average one-year price target for MDU Resources Group is 27.03. The forecasts range from a low of 26.26 to a high of $28.35. The average price target represents an increase of 6.08% from its latest reported closing price of 25.48.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for MDU Resources Group is 7,064MM, an increase of 59.06%. The projected annual non-GAAP EPS is 2.33.

What is the Fund Sentiment?

There are 738 funds or institutions reporting positions in MDU Resources Group. This is an increase of 22 owner(s) or 3.07% in the last quarter. Average portfolio weight of all funds dedicated to MDU is 0.20%, an increase of 9.13%. Total shares owned by institutions increased in the last three months by 0.95% to 168,441K shares. MDU / MDU Resources Group, Inc. Put/Call Ratios The put/call ratio of MDU is 0.18, indicating a bullish outlook.

What are Other Shareholders Doing?

MDU / MDU Resources Group, Inc. Shares Held by Institutions

Corvex Management holds 10,147K shares representing 4.98% ownership of the company. No change in the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,378K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 6,357K shares , representing an increase of 0.32%. The firm decreased its portfolio allocation in MDU by 9.34% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 6,182K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 6,364K shares , representing a decrease of 2.96%. The firm decreased its portfolio allocation in MDU by 9.23% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 5,185K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 5,241K shares , representing a decrease of 1.08%. The firm decreased its portfolio allocation in MDU by 12.11% over the last quarter.

Barrow Hanley Mewhinney & Strauss holds 4,292K shares representing 2.10% ownership of the company. In its prior filing, the firm reported owning 3,538K shares , representing an increase of 17.56%. The firm decreased its portfolio allocation in MDU by 16.56% over the last quarter.

MDU Resources Group Background Information
(This description is provided by the company.)

MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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