M/I Homes (NYSE:MHO) Receives Neutral Rating from Seaport Research Partners

Seaport Research Partners reaffirmed their neutral rating on shares of M/I Homes (NYSE:MHO) in a research note released on Tuesday morning, Marketbeat.com reports.

Several other equities research analysts also recently commented on MHO. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Citizens Jmp began coverage on 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. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Oppenheimer set a $165.00 price objective on M/I Homes in a report on Friday, January 30th. Finally, Citigroup restated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Price Performance

M/I Homes stock opened at $117.64 on Tuesday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 8.00 and a beta of 1.77. M/I Homes has a 52-week low of $100.22 and a 52-week high of $158.92. The stock’s 50 day moving average price is $133.82 and its two-hundred day moving average price is $133.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.86 and a current ratio of 8.12.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.71 EPS. On average, equities analysts predict that M/I Homes will post 18.44 earnings per share for the current year.

Insider Activity

In related news, insider Susan E. Krohne sold 491 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $72,078.80. Following the completion of the sale, the insider owned 8,771 shares in the company, valued at approximately $1,287,582.80. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert H. Schottenstein sold 14,974 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $2,198,183.20. Following the sale, the chief executive officer owned 348,513 shares of the company’s stock, valued at $51,161,708.40. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,213 shares of company stock worth $7,115,268 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On M/I Homes

Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its holdings in M/I Homes by 0.5% during the fourth quarter. Intech Investment Management LLC now owns 14,883 shares of the construction company’s stock worth $1,904,000 after buying an additional 72 shares in the last quarter. Corient Private Wealth LLC grew its holdings in M/I Homes by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock worth $498,000 after buying an additional 76 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in M/I Homes by 73.1% during the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after buying an additional 87 shares in the last quarter. WealthCollab LLC grew its holdings in M/I Homes by 16.5% during the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after buying an additional 87 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in M/I Homes by 3.0% during the third quarter. Private Advisor Group LLC now owns 3,027 shares of the construction company’s stock worth $437,000 after buying an additional 89 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Company Profile

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.