M/I Homes’ (MHO) Strong-Buy Rating Reaffirmed at Raymond James

Raymond James reaffirmed their strong-buy rating on shares of M/I Homes (NYSE:MHO) in a research report released on Thursday morning,Benzinga reports. Raymond James currently has a $168.00 price objective on the construction company’s stock, down from their previous price objective of $210.00.

Several other analysts have also recently weighed in on the company. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Performance

Shares of MHO stock opened at $130.14 on Thursday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 6.60 and a beta of 2.29. The stock has a fifty day moving average of $143.92 and a 200 day moving average of $153.38. M/I Homes has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.56% and a net margin of 12.51%. As a group, research analysts expect that M/I Homes will post 20.42 earnings per share for the current year.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Trading of M/I Homes

Institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in M/I Homes in the third quarter worth approximately $27,000. Principal Securities Inc. bought a new position in M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the 4th quarter worth approximately $33,000. Signaturefd LLC boosted its stake in shares of M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after acquiring an additional 117 shares during the last quarter. Finally, Quarry LP lifted its position in M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after purchasing an additional 333 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other 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.