M/I Homes (NYSE:MHO) Earns Neutral Rating from Wedbush

Wedbush restated their neutral rating on shares of M/I Homes (NYSE:MHO) in a report published on Wednesday morning, RTT News reports. Wedbush currently has a $130.00 price objective on the construction company’s stock, up from their previous price objective of $116.00.

Separately, StockNews.com raised shares of M/I Homes from a hold rating to a buy rating in a research report on Monday, February 19th.

M/I Homes Trading Up 2.5 %

MHO opened at $122.42 on Wednesday. The stock has a market capitalization of $3.40 billion, a PE ratio of 7.54 and a beta of 2.13. M/I Homes has a one year low of $63.39 and a one year high of $140.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. The business’s 50 day moving average price is $123.29 and its 200 day moving average price is $115.77.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 31st. The construction company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The business had revenue of $972.59 million during the quarter, compared to analysts’ expectations of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. As a group, equities research analysts expect that M/I Homes will post 16.35 EPS for the current year.

Insider Activity at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by insiders.

Institutional Trading of M/I Homes

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in M/I Homes by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after buying an additional 95,437 shares during the period. Westfield Capital Management Co. LP increased its position in shares of M/I Homes by 21.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,184,431 shares of the construction company’s stock worth $163,144,000 after acquiring an additional 206,509 shares during the period. Pacer Advisors Inc. raised its stake in shares of M/I Homes by 49.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company’s stock valued at $147,507,000 after acquiring an additional 354,182 shares in the last quarter. American Century Companies Inc. boosted its holdings in M/I Homes by 27.0% in the third quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock valued at $40,412,000 after purchasing an additional 102,358 shares during the period. Finally, Invesco Ltd. grew its stake in M/I Homes by 15.4% during the 3rd quarter. Invesco Ltd. now owns 427,281 shares of the construction company’s stock worth $35,909,000 after purchasing an additional 57,162 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.