ValuEngine Lowers M/I Homes, Inc. (MHO) to Buy
ValuEngine cut shares of M/I Homes, Inc. (NYSE:MHO) from a strong-buy rating to a buy rating in a report published on Friday morning.
A number of other analysts also recently issued reports on MHO. Zacks Investment Research raised M/I Homes from a sell rating to a buy rating and set a $27.00 target price for the company in a research report on Thursday, April 6th. Wedbush reissued an outperform rating and issued a $27.00 target price on shares of M/I Homes in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded M/I Homes from a buy rating to a hold rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $31.00.
M/I Homes (NYSE:MHO) opened at 25.94 on Friday. M/I Homes has a 52-week low of $20.40 and a 52-week high of $29.42. The firm’s 50 day moving average price is $27.62 and its 200 day moving average price is $26.12. The firm has a market cap of $651.20 million, a price-to-earnings ratio of 12.27 and a beta of 1.11.
M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. M/I Homes had a return on equity of 12.74% and a net margin of 3.57%. The business had revenue of $456.87 million during the quarter, compared to the consensus estimate of $456.56 million. During the same period last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts anticipate that M/I Homes will post $2.99 EPS for the current fiscal year.
In other M/I Homes news, VP J Thomas Mason sold 27,594 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $28.42, for a total value of $784,221.48. Following the completion of the sale, the vice president now directly owns 19,594 shares of the company’s stock, valued at $556,861.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of M/I Homes during the fourth quarter valued at $310,000. Comerica Bank boosted its position in shares of M/I Homes by 5.6% in the fourth quarter. Comerica Bank now owns 26,191 shares of the construction company’s stock valued at $657,000 after buying an additional 1,391 shares during the period. State Street Corp boosted its position in shares of M/I Homes by 8.4% in the fourth quarter. State Street Corp now owns 714,688 shares of the construction company’s stock valued at $18,000,000 after buying an additional 55,344 shares during the period. Renaissance Technologies LLC boosted its position in shares of M/I Homes by 174.6% in the fourth quarter. Renaissance Technologies LLC now owns 263,600 shares of the construction company’s stock valued at $6,637,000 after buying an additional 167,600 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of M/I Homes during the fourth quarter valued at $648,000.
M/I Homes Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for M/I Homes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.