Wedbush Upgrades M/I Homes (NYSE:MHO) to Outperform

M/I Homes (NYSE:MHO) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $185.00 target price on the construction company’s stock, up from their previous target price of $155.00. Wedbush’s target price would suggest a potential upside of 15.47% from the stock’s previous close. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, FY2024 earnings at $20.15 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

Several other equities analysts have also issued reports on MHO. Raymond James lifted their target price on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

M/I Homes Stock Up 2.8 %

M/I Homes stock opened at $160.22 on Monday. The company has a quick ratio of 1.53, a current ratio of 6.52 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.45 billion, a P/E ratio of 8.59 and a beta of 2.24. The business has a fifty day moving average of $162.49 and a two-hundred day moving average of $143.41. M/I Homes has a twelve month low of $92.14 and a twelve month high of $176.18.

Institutional Trading of M/I Homes

A number of institutional investors have recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of M/I Homes during the third quarter worth $250,000. State of New Jersey Common Pension Fund D purchased a new stake in M/I Homes during the 3rd quarter valued at about $2,065,000. Colonial River Investments LLC acquired a new position in shares of M/I Homes in the third quarter valued at about $397,000. Axxcess Wealth Management LLC purchased a new position in shares of M/I Homes in the third quarter worth about $395,000. Finally, Assetmark Inc. lifted its holdings in shares of M/I Homes by 3.9% during the third quarter. Assetmark Inc. now owns 43,498 shares of the construction company’s stock worth $7,454,000 after purchasing an additional 1,626 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Company Profile

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.