Analysts Set M/I Homes, Inc. (NYSE:MHO) PT at $161.67

Shares of M/I Homes, Inc. (NYSE:MHO) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $161.6667.

MHO has been the topic of a number of research analyst reports. Oppenheimer set a $165.00 price target on shares of M/I Homes in a report on Friday, January 30th. Citizens Jmp began coverage on shares of M/I Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Citigroup restated a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th.

Insider Transactions at M/I Homes

In related news, CEO Robert H. Schottenstein sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $144.47, for a total value of $2,889,400.00. Following the completion of the sale, the chief executive officer owned 313,874 shares in the company, valued at $45,345,376.78. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan E. Krohne sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $134.28, for a total value of $671,400.00. Following the completion of the sale, the insider owned 6,167 shares of the company’s stock, valued at $828,104.76. The trade was a 44.77% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 49,213 shares of company stock worth $7,115,268. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC lifted its holdings in shares of M/I Homes by 52.1% in the 4th quarter. Hsbc Holdings PLC now owns 10,148 shares of the construction company’s stock worth $1,304,000 after acquiring an additional 3,474 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of M/I Homes by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock valued at $498,000 after purchasing an additional 76 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after purchasing an additional 458 shares during the period. Mercer Global Advisors Inc. ADV raised its position in M/I Homes by 29.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,920 shares of the construction company’s stock worth $246,000 after purchasing an additional 441 shares during the period. Finally, Summit Global Investments lifted its stake in M/I Homes by 162.1% in the fourth quarter. Summit Global Investments now owns 7,959 shares of the construction company’s stock worth $1,018,000 after purchasing an additional 4,922 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Down 2.6%

Shares of NYSE MHO opened at $118.74 on Wednesday. The company has a current ratio of 8.12, a quick ratio of 1.86 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $135.71 and a 200-day moving average of $135.40. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.07 and a beta of 1.77. M/I Homes has a 12 month low of $100.22 and a 12 month high of $158.92.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $4.71 earnings per share. M/I Homes’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts expect that M/I Homes will post 18.44 earnings per share for the current fiscal year.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.