M/I Homes (NYSE:MHO) Rating Reiterated by Wedbush

Wedbush reaffirmed their neutral rating on shares of M/I Homes (NYSE:MHO) in a research note published on Wednesday, RTT News reports. Wedbush currently has a $130.00 price target on the construction company’s stock, up from their previous price target of $116.00. Wedbush also issued estimates for M/I Homes’ Q1 2025 earnings at $4.34 EPS and Q2 2025 earnings at $4.43 EPS.

Separately, StockNews.com upgraded M/I Homes from a hold rating to a buy rating in a research report on Monday, February 19th.

M/I Homes Trading Down 0.2 %

Shares of MHO stock opened at $120.07 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 6.51. M/I Homes has a 52-week low of $64.28 and a 52-week high of $140.73. The company has a market capitalization of $3.33 billion, a PE ratio of 6.91 and a beta of 2.13. The business’s fifty day moving average is $123.21 and its 200 day moving average is $116.08.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. On average, equities research analysts anticipate that M/I Homes will post 16.35 EPS for the current fiscal year.

Insider Buying and Selling at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MHO. Westfield Capital Management Co. LP bought a new position in shares of M/I Homes during the third quarter valued at about $82,185,000. Pacer Advisors Inc. grew its stake in shares of M/I Homes by 49.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company’s stock worth $147,507,000 after purchasing an additional 354,182 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of M/I Homes in the fourth quarter worth about $25,385,000. Comerica Bank bought a new stake in shares of M/I Homes in the third quarter worth about $9,554,000. Finally, American Century Companies Inc. grew its stake in shares of M/I Homes by 27.0% in the third quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock worth $40,412,000 after purchasing an additional 102,358 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

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.