M/I Homes, Inc. (NYSE:MHO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $161.6667.

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

Insider Buying and Selling at M/I Homes

In other M/I Homes news, insider Susan E. Krohne sold 491 shares of M/I Homes stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $72,078.80. Following the sale, the insider owned 8,771 shares of the company’s stock, valued at $1,287,582.80. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Phillip G. Creek sold 8,616 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 45,815 shares of the company’s stock, valued at $6,725,642. This trade represents a 15.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,213 shares of company stock valued at $7,115,268 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On M/I Homes

Several institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in M/I Homes during the 3rd quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of M/I Homes in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its stake in shares of M/I Homes by 73.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after acquiring an additional 87 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of M/I Homes by 90.6% in the second 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 bought a new position in shares of M/I Homes in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of MHO opened at $118.74 on Wednesday. M/I Homes has a 12 month low of $100.22 and a 12 month high of $158.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.12 and a quick ratio of 1.86. The stock has a fifty day moving average price of $135.71 and a 200 day moving average price of $135.16. The company has a market cap of $3.06 billion, a P/E ratio of 8.07 and a beta of 1.77.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted $4.71 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts forecast that M/I Homes will post 18.44 earnings per share 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.