The MDU Resources Group, Inc. (MDU) Position Raised by Fuller & Thaler Asset Management Inc., Report finds

The MDU Resources Group, Inc. (MDU) Position Raised by Fuller & Thaler Asset Management Inc., Report finds

Several other institutional investors have also recently made changes to their positions in MDU. MSI Financial Services Inc increased its position in shares of MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the company’s stock valued at $129,000 after buying an additional 18 shares during the last quarter. Advantus Capital Management Inc increased its position in MDU Resources Group by 0.5% in the third quarter. Advantus Capital Management Inc now owns 23,770 shares of the company’s stock worth $605,000 after buying an additional 117 shares in the last quarter. State Treasurer State of Michigan increased its position in MDU Resources Group by 0.3% in the third quarter. State Treasurer State of Michigan now owns 78,562 shares of the company’s stock worth $1,999,000 after buying an additional 200 shares in the last quarter. LS Investment Advisors LLC increased its position in MDU Resources Group by 7.3% in the third quarter. LS Investment Advisors LLC now owns 13,046 shares of the company’s stock worth $332,000 after buying an additional 892 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in MDU Resources Group by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 87,680 shares of the company’s stock worth $2,231,000 after buying an additional 1,240 shares in the last quarter. 63.55% of the stock is currently owned by institutional investors and hedge funds.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 331.3% during the third quarter, Holdings Channel reports. The fund owned 6,900 shares of the company’s stock after buying an additional 5,300 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in MDU Resources Group were worth $176,000 as of its most recent SEC filing.

MDU Resources Group, Inc. (NYSE:MDU) traded down 0.64% during midday trading on Thursday, hitting $26.25. 1,418,889 shares of the stock traded hands. The company has a 50-day moving average price of $28.48 and a 200-day moving average price of $26.27. MDU Resources Group, Inc. has a 1-year low of $16.09 and a 1-year high of $29.92. The firm has a market cap of $5.13 billion, a P/E ratio of 80.52 and a beta of 0.87.

MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, February 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. MDU Resources Group had a net margin of 1.54% and a return on equity of 10.11%. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts predict that MDU Resources Group, Inc. will post $1.30 EPS for the current year.

A number of equities analysts have weighed in on MDU shares. Zacks Investment Research downgraded shares of MDU Resources Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 3rd. Argus reaffirmed a “buy” rating and set a $36.00 price target (up previously from $29.00) on shares of MDU Resources Group in a research note on Tuesday, December 20th. Finally, DA Davidson reaffirmed a “hold” rating on shares of MDU Resources Group in a research note on Monday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MDU Resources Group presently has an average rating of “Buy” and a consensus target price of $34.00.

In other news, Director Patricia L. Moss sold 4,050 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $28.30, for a total transaction of $114,615.00. Following the sale, the director now owns 75,418 shares in the company, valued at $2,134,329.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

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