M/I Homes (NYSE:MHO) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of M/I Homes (NYSE:MHO) from a buy rating to a strong-buy rating in a research note published on Thursday.

Separately, Raymond James lifted their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a strong-buy rating in a report on Friday, August 2nd.

M/I Homes Stock Performance

NYSE MHO traded up $2.78 during trading on Thursday, reaching $163.67. 3,905 shares of the company’s stock were exchanged, compared to its average volume of 276,979. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The business has a 50 day moving average price of $158.23 and a 200-day moving average price of $138.13. The stock has a market capitalization of $4.54 billion, a P/E ratio of 9.26 and a beta of 2.23. M/I Homes has a fifty-two week low of $74.79 and a fifty-two week high of $173.86.

M/I Homes (NYSE:MHO) last posted its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $4.12 EPS. Sell-side analysts forecast that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On M/I Homes

Several institutional investors and hedge funds have recently bought and sold shares of MHO. Shaker Investments LLC OH raised its position in shares of M/I Homes by 12.5% in the 3rd quarter. Shaker Investments LLC OH now owns 15,109 shares of the construction company’s stock valued at $2,589,000 after buying an additional 1,681 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in M/I Homes during the third quarter valued at approximately $279,000. Private Advisory Group LLC bought a new stake in M/I Homes during the third quarter worth $1,023,000. CWM LLC boosted its holdings in shares of M/I Homes by 66.3% in the 3rd quarter. CWM LLC now owns 843 shares of the construction company’s stock valued at $144,000 after purchasing an additional 336 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of M/I Homes in the 3rd quarter valued at $515,000. 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.