M/I Homes (NYSE:MHO – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Separately, Wedbush restated a “neutral” rating and set a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a research note on Wednesday.
Get Our Latest Research Report on MHO
M/I Homes Trading Down 0.2 %
M/I Homes (NYSE:MHO – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. On average, research analysts anticipate that M/I Homes will post 16.35 EPS for the current year.
Insider Buying and Selling at M/I Homes
In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of MHO. Strs Ohio grew its stake in shares of M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of M/I Homes in the fourth quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of M/I Homes in the fourth quarter valued at approximately $29,000. USA Financial Formulas boosted its stake in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after buying an additional 475 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
M/I Homes Company Profile
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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