M/I Homes (NYSE:MHO) had its price target raised by Wedbush from $29.00 to $32.00 in a research note published on Monday, February 4th. Wedbush currently has an outperform rating on the construction company’s stock. Wedbush also issued estimates for M/I Homes’ Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $3.96 EPS, Q1 2019 earnings at $0.69 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $1.26 EPS, FY2019 earnings at $3.64 EPS, Q1 2020 earnings at $0.71 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.98 EPS, Q4 2020 earnings at $1.48 EPS, Q4 2020 earnings at $1.28 EPS and FY2020 earnings at $3.75 EPS.
Several other equities analysts have also issued reports on MHO. Zacks Investment Research lowered shares of M/I Homes from a hold rating to a sell rating in a report on Tuesday, October 30th. ValuEngine raised shares of M/I Homes from a strong sell rating to a sell rating in a report on Thursday, December 6th. Finally, JMP Securities set a $30.00 price target on shares of M/I Homes and gave the stock a buy rating in a report on Monday, October 15th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $29.50.
MHO stock traded down $0.11 during trading on Monday, hitting $25.93. 198,017 shares of the company’s stock traded hands, compared to its average volume of 224,436. The firm has a market cap of $723.97 million, a price-to-earnings ratio of 6.43 and a beta of 1.15. The company has a quick ratio of 0.55, a current ratio of 5.40 and a debt-to-equity ratio of 0.96. M/I Homes has a 1 year low of $20.34 and a 1 year high of $34.54.
M/I Homes (NYSE:MHO) last released its quarterly earnings results on Tuesday, February 5th. The construction company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. M/I Homes had a net margin of 4.71% and a return on equity of 14.23%. The business had revenue of $722.50 million for the quarter, compared to analyst estimates of $684.59 million. During the same period in the previous year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts anticipate that M/I Homes will post 3.83 EPS for the current fiscal year.
In other news, insider Ann Marie Hunker sold 10,600 shares of M/I Homes stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $27.67, for a total transaction of $293,302.00. Following the completion of the sale, the insider now directly owns 2,600 shares in the company, valued at $71,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP J Thomas Mason sold 61,190 shares of M/I Homes stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $27.01, for a total transaction of $1,652,741.90. Following the sale, the vice president now owns 38,195 shares of the company’s stock, valued at $1,031,646.95. The disclosure for this sale can be found here. Insiders have sold 140,842 shares of company stock valued at $3,811,138 over the last quarter. Insiders own 3.90% of the company’s stock.
Several large investors have recently bought and sold shares of MHO. Covington Capital Management acquired a new position in M/I Homes during the fourth quarter valued at $52,000. Advisors Asset Management Inc. lifted its position in M/I Homes by 6,064.4% during the second quarter. Advisors Asset Management Inc. now owns 274,686 shares of the construction company’s stock valued at $126,000 after purchasing an additional 270,230 shares during the period. Tower Research Capital LLC TRC lifted its position in M/I Homes by 502.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,642 shares of the construction company’s stock valued at $150,000 after purchasing an additional 4,705 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in M/I Homes by 403.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,964 shares of the construction company’s stock valued at $188,000 after purchasing an additional 7,182 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in M/I Homes during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 96.82% of the company’s stock.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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