M/I Homes, Inc. (NYSE:MHO) Receives $161.67 Average PT from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $161.6667.

Several analysts have recently commented on MHO shares. Citizens Jmp assumed coverage on M/I Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 price target for the company. Oppenheimer set a $165.00 target price on M/I Homes in a report on Friday, January 30th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd.

Insider Buying and Selling at M/I Homes

In other news, CEO Robert H. Schottenstein sold 20,000 shares of M/I Homes stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $144.47, for a total transaction of $2,889,400.00. Following the completion of the sale, the chief executive officer directly owned 313,874 shares in the company, valued at approximately $45,345,376.78. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the sale, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. This trade represents a 15.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 49,213 shares of company stock valued at $7,115,268. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of M/I Homes

A number of institutional investors have recently bought and sold shares of MHO. Salomon & Ludwin LLC purchased a new position in shares of M/I Homes in the third quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in M/I Homes in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp increased its holdings in M/I Homes by 73.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in M/I Homes during the third quarter worth about $38,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Up 3.1%

MHO stock opened at $122.25 on Wednesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 8.31 and a beta of 1.77. The company has a fifty day moving average of $135.10 and a 200-day moving average of $134.66. 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 has a one year low of $100.22 and a one year high of $158.92.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $4.71 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts expect that M/I Homes will post 18.44 EPS for the current year.

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.