StockNews.com Lowers M/I Homes (NYSE:MHO) to Buy

StockNews.com cut shares of M/I Homes (NYSE:MHO) from a strong-buy rating to a buy rating in a research report report published on Friday.

Separately, Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd.

M/I Homes Trading Up 1.4 %

Shares of M/I Homes stock opened at $174.24 on Friday. The firm has a 50-day simple moving average of $161.17 and a two-hundred day simple moving average of $140.09. The company has a market cap of $4.84 billion, a P/E ratio of 10.03 and a beta of 2.23. M/I Homes has a fifty-two week low of $74.79 and a fifty-two week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter in the prior year, the firm posted $4.12 earnings per share. As a group, equities analysts predict that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MHO. V Square Quantitative Management LLC purchased a new stake in M/I Homes during the 3rd quarter valued at about $27,000. Signaturefd LLC grew its stake in M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. CWM LLC grew its stake in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares in the last quarter. Hollencrest Capital Management purchased a new stake in M/I Homes during the 1st quarter valued at about $68,000. Finally, Quarry LP grew its stake in M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.