Wedbush restated their neutral rating on shares of M/I Homes (NYSE:MHO – Free Report) in a report published on Wednesday morning, RTT News reports. The firm currently has a $130.00 target price on the construction company’s stock, up from their prior target price of $116.00.
Separately, StockNews.com raised M/I Homes from a hold rating to a buy rating in a research report on Monday, February 19th.
View Our Latest Analysis on MHO
M/I Homes Price Performance
M/I Homes (NYSE:MHO – Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The firm had revenue of $972.59 million during the quarter, compared to analysts’ expectations of $1.19 billion. On average, research analysts forecast that M/I Homes will post 16.35 earnings per share for the current year.
Insider Transactions at M/I Homes
In related news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.10% of the company’s stock.
Hedge Funds Weigh In On M/I Homes
Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in M/I Homes by 563.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,735 shares of the construction company’s stock valued at $2,553,000 after acquiring an additional 15,910 shares in the last quarter. Arlington Capital Management Inc. raised its stake in M/I Homes by 55.5% in the first quarter. Arlington Capital Management Inc. now owns 10,827 shares of the construction company’s stock valued at $1,476,000 after buying an additional 3,863 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in M/I Homes by 3.5% in the first quarter. Petra Financial Advisors Inc. now owns 6,276 shares of the construction company’s stock worth $855,000 after acquiring an additional 213 shares in the last quarter. Bay Rivers Group grew its stake in shares of M/I Homes by 29.7% during the first quarter. Bay Rivers Group now owns 4,383 shares of the construction company’s stock worth $597,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Nvest Financial LLC acquired a new position in shares of M/I Homes during the first quarter valued at about $210,000. 95.14% of the stock is currently owned by institutional investors.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.
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