Raymond James Reaffirms Strong-Buy Rating for M/I Homes (NYSE:MHO)

M/I Homes (NYSE:MHO)‘s stock had its “strong-buy” rating reissued by Raymond James in a report issued on Thursday,Benzinga reports. They presently have a $168.00 price target on the construction company’s stock, down from their prior price target of $210.00. Raymond James’ price target suggests a potential upside of 33.50% from the stock’s current price.

MHO has been the topic of a number of other reports. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Trading Down 3.2 %

Shares of NYSE:MHO opened at $125.84 on Thursday. M/I Homes has a 52 week low of $109.92 and a 52 week high of $176.18. The company’s 50 day moving average is $143.40 and its two-hundred day moving average is $153.22. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.49 billion, a PE ratio of 6.38 and a beta of 2.29.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.56%. Equities analysts predict that M/I Homes will post 20.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Trading of M/I Homes

A number of large investors have recently bought and sold shares of MHO. V Square Quantitative Management LLC acquired a new stake in M/I Homes during the 3rd quarter worth $27,000. Principal Securities Inc. acquired a new stake in shares of M/I Homes in the 4th quarter worth $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the 4th quarter worth $33,000. Signaturefd LLC lifted its stake in shares of M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after acquiring an additional 117 shares during the period. Finally, Quarry LP lifted its stake in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds 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.