M/I Homes (NYSE:MHO) Hits New 1-Year High at $160.75

M/I Homes, Inc. (NYSE:MHO) reached a new 52-week high on Thursday . The stock traded as high as $160.75 and last traded at $159.59, with a volume of 85091 shares traded. The stock had previously closed at $153.16.

Analyst Ratings Changes

Several research firms have weighed in on MHO. Wedbush reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Finally, Raymond James began coverage on M/I Homes in a report on Wednesday. They issued a “strong-buy” rating and a $200.00 price objective for the company.

M/I Homes Trading Up 3.5 %

The company has a market cap of $4.40 billion, a PE ratio of 8.80 and a beta of 2.23. The company has a current ratio of 6.91, a quick ratio of 1.99 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $127.48 and a 200 day moving average price of $125.67.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.82. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. Sell-side analysts predict that M/I Homes, Inc. will post 18.18 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at approximately $15,000,022. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now owns 3,609 shares in the company, valued at $440,298. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction on Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MHO. GAMMA Investing LLC purchased a new position in M/I Homes during the fourth quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in M/I Homes during the fourth quarter valued at $29,000. USA Financial Formulas raised its stake in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. CWM LLC raised its stake in shares of M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after purchasing an additional 329 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of M/I Homes in the first quarter worth $68,000. Hedge funds and other institutional investors 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.