M/I Homes (NYSE:MHO) Rating Increased to Strong-Buy at StockNews.com

Posted by Defense World Staff on Apr 26th, 2023

M/I Homes (NYSE:MHO – Get Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, Wedbush boosted their price objective on shares of M/I Homes from $63.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, February 6th.

M/I Homes Price Performance

MHO opened at $65.44 on Wednesday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.79 and a beta of 1.91. The company has a quick ratio of 0.93, a current ratio of 5.66 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $60.16 and a 200-day moving average price of $52.03. M/I Homes has a twelve month low of $34.33 and a twelve month high of $67.64.

M/I Homes (NYSE:MHO – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The construction company reported $5.15 EPS for the quarter, beating the consensus estimate of $4.16 by $0.99. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.03 billion. M/I Homes had a net margin of 11.88% and a return on equity of 26.80%. Equities analysts expect that M/I Homes will post 11.12 EPS for the current year.

Insider Activity

In other M/I Homes news, CEO Robert H. Schottenstein sold 2,220 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $61.96, for a total transaction of $137,551.20. Following the completion of the sale, the chief executive officer now owns 83,492 shares of the company’s stock, valued at approximately $5,173,164.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert H. Schottenstein sold 8,500 shares of M/I Homes stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $59.00, for a total value of $501,500.00. Following the completion of the sale, the chief executive officer now directly owns 103,406 shares in the company, valued at $6,100,954. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 2,220 shares of M/I Homes stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $61.96, for a total transaction of $137,551.20. Following the transaction, the chief executive officer now directly owns 83,492 shares in the company, valued at approximately $5,173,164.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,147 shares of company stock valued at $2,404,310. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of M/I Homes during the third quarter valued at $35,000. Point72 Hong Kong Ltd acquired a new position in shares of M/I Homes during the first quarter valued at about $43,000. Quadrant Capital Group LLC increased its holdings in M/I Homes by 148.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,350 shares of the construction company’s stock worth $49,000 after buying an additional 807 shares during the period. Captrust Financial Advisors increased its holdings in M/I Homes by 28.6% in the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock worth $86,000 after buying an additional 433 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in M/I Homes in the 3rd quarter worth approximately $87,000. Institutional investors own 92.42% of the company’s stock.

M/I Homes Company Profile

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M/I Homes, Inc engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.