M/I Homes, Inc. (MHO) Lifted to Strong-Buy at ValuEngine
ValuEngine upgraded shares of M/I Homes, Inc. (NYSE:MHO) from a buy rating to a strong-buy rating in a report released on Tuesday morning.
MHO has been the topic of a number of other research reports. Zacks Investment Research lowered shares of M/I Homes from a buy rating to a hold rating in a research note on Saturday, September 23rd. BidaskClub lowered shares of M/I Homes from a buy rating to a hold rating in a research note on Saturday, July 8th. Finally, JMP Securities upgraded shares of M/I Homes from a market perform rating to an outperform rating and set a $32.00 price target on the stock in a research note on Monday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. M/I Homes has a consensus rating of Buy and an average price target of $34.00.
M/I Homes (NYSE MHO) opened at $33.30 on Tuesday. The company has a current ratio of 6.46, a quick ratio of 0.68 and a debt-to-equity ratio of 1.00. The firm has a market cap of $908.73 million, a PE ratio of 12.41 and a beta of 1.27.
M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, October 25th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The firm had revenue of $476.40 million during the quarter, compared to the consensus estimate of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. equities research analysts expect that M/I Homes will post 2.76 EPS for the current fiscal year.
In other M/I Homes news, insider Phillip G. Creek sold 25,400 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $32.08, for a total transaction of $814,832.00. Following the transaction, the insider now owns 60,971 shares in the company, valued at approximately $1,955,949.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 15,800 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.90, for a total transaction of $504,020.00. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in MHO. Russell Investments Group Ltd. grew its position in shares of M/I Homes by 74.4% during the 1st quarter. Russell Investments Group Ltd. now owns 21,081 shares of the construction company’s stock worth $516,000 after purchasing an additional 8,990 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of M/I Homes by 15.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 39,970 shares of the construction company’s stock worth $979,000 after purchasing an additional 5,491 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of M/I Homes during the 1st quarter worth approximately $104,000. Arizona State Retirement System grew its position in shares of M/I Homes by 1.6% during the 1st quarter. Arizona State Retirement System now owns 12,875 shares of the construction company’s stock worth $315,000 after purchasing an additional 200 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of M/I Homes by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock worth $4,611,000 after purchasing an additional 7,299 shares in the last quarter.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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