M/I Homes, Inc. (NYSE:MHO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $161.6667.

MHO has been the subject of several recent analyst reports. Citizens Jmp initiated coverage on shares of M/I Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 target price for the company. Oppenheimer set a $165.00 price target on shares of M/I Homes in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Finally, Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th.

Insider Activity

In other news, CEO Robert H. Schottenstein sold 20,000 shares of M/I Homes stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $144.47, for a total transaction of $2,889,400.00. Following the transaction, the chief executive officer owned 313,874 shares in the company, valued at approximately $45,345,376.78. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total value of $1,264,828.80. Following the transaction, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. The trade was a 15.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 49,213 shares of company stock worth $7,115,268. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On M/I Homes

A number of large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in shares of M/I Homes during the third quarter worth approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in M/I Homes in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp lifted its position in M/I Homes by 73.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after buying an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares during the period. Finally, Private Trust Co. NA acquired a new stake in shares of M/I Homes during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Down 0.6%

Shares of NYSE MHO opened at $122.86 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 8.12 and a debt-to-equity ratio of 0.31. M/I Homes has a 12 month low of $100.22 and a 12 month high of $158.92. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.35 and a beta of 1.77. The business has a fifty day simple moving average of $136.70 and a 200-day simple moving average of $135.86.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.M/I Homes’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.71 EPS. Sell-side analysts predict that M/I Homes will post 18.44 EPS for the current year.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.