M/I Homes (NYSE:MHO) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of M/I Homes (NYSE:MHO) from a buy rating to a hold rating in a research note published on Friday morning.

MHO has been the subject of several other reports. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a report on Thursday.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $125.84 on Friday. M/I Homes has a twelve month low of $109.92 and a twelve month high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The firm has a market cap of $3.49 billion, a P/E ratio of 6.38 and a beta of 2.29. The firm’s 50-day simple moving average is $143.40 and its 200-day simple moving average is $153.22.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.56%. As a group, research analysts expect that M/I Homes will post 20.42 EPS for the current fiscal year.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Trading of M/I Homes

Several hedge funds have recently modified their holdings of the stock. Truist Financial Corp lifted its holdings in M/I Homes by 1.4% during the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock worth $760,000 after buying an additional 87 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Huntington National Bank boosted its holdings in M/I Homes by 0.6% in the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after acquiring an additional 105 shares during the last quarter. Signaturefd LLC increased its position in M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after purchasing an additional 117 shares during the period. Finally, Bay Rivers Group raised its holdings in M/I Homes by 2.7% during the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock worth $653,000 after purchasing an additional 128 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

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.