M/I Homes, Inc. (NYSE:MHO) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $164.40.

A number of research firms have recently commented on MHO. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. New Street Research set a $172.00 price target on shares of M/I Homes in a research note on Tuesday, August 4th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research note on Thursday, October 8th.

Insider Activity at M/I Homes

In other news, CFO Phillip Creek sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $149.56, for a total value of $2,991,200.00. Following the transaction, the chief financial officer owned 30,918 shares in the company, valued at $4,624,096.08. This trade represents a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by insiders.

Institutional Trading of M/I Homes

Several large investors have recently made changes to their positions in MHO. Integrated Wealth Concepts LLC acquired a new position in M/I Homes in the 2nd quarter valued at $26,000. Hilton Head Capital Partners LLC boosted its stake in M/I Homes by 52.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 329 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in M/I Homes by 33.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 391 shares of the construction company’s stock worth $48,000 after purchasing an additional 97 shares during the last quarter. Versant Capital Management Inc boosted its stake in M/I Homes by 133.7% during the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock worth $66,000 after purchasing an additional 234 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of M/I Homes by 1,090.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after buying an additional 458 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

NYSE:MHO opened at $126.06 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. The stock has a market capitalization of $3.19 billion, a PE ratio of 8.99 and a beta of 1.60. M/I Homes has a fifty-two week low of $116.78 and a fifty-two week high of $163.66. The company has a fifty day moving average of $142.27 and a two-hundred day moving average of $139.74.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.01. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $4.42 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, research analysts forecast that M/I Homes will post 12.12 earnings per share for the current fiscal year.

M/I Homes Company Profile

M/I Homes, Inc is a homebuilder that constructs and sells single-family homes for a range of buyers, including first-time, move-up and luxury customers. The company offers homes in multiple designs and price ranges, with options that may include different floor plans, elevations, finishes and features. Its operations also include land acquisition, development of residential communities and the construction of homes on customer-owned lots.

Founded in 1976 by Irving and Melvin Schottenstein, M/I Homes is headquartered in Columbus, Ohio.