M/I Homes (NYSE:MHO) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of M/I Homes (NYSE:MHO) from a buy rating to a strong-buy rating in a research report released on Thursday.

Separately, Raymond James raised their price objective on M/I Homes from $200.00 to $210.00 and gave the company a strong-buy rating in a report on Friday, August 2nd.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $162.81 on Thursday. The company’s fifty day moving average price is $158.41 and its 200-day moving average price is $138.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 9.37 and a beta of 2.23. M/I Homes has a one year low of $74.79 and a one year high of $173.86.

M/I Homes (NYSE:MHO) last released its earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $4.12 earnings per share. On average, equities research analysts anticipate that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares in the company, valued at approximately $20,424,620.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Phillip G. Creek sold 2,767 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MHO. Signaturefd LLC grew its position in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Hollencrest Capital Management purchased a new stake in M/I Homes in the first quarter worth $68,000. CWM LLC boosted its holdings in M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares in the last quarter. Quarry LP increased its position in M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after purchasing an additional 333 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of M/I Homes by 90.6% in the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock worth $104,000 after purchasing an additional 288 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.