StockNews.com Lowers M/I Homes (NYSE:MHO) to Buy

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

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

M/I Homes Stock Down 1.5 %

MHO stock opened at $169.58 on Thursday. The firm has a market cap of $4.71 billion, a PE ratio of 9.76 and a beta of 2.23. M/I Homes has a 12 month low of $74.79 and a 12 month high of $173.86. 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 50 day simple moving average of $155.23 and a 200 day simple moving average of $134.44.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same period last year, the company posted $4.12 EPS. Equities research analysts forecast that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Phillip G. Creek sold 2,767 shares of the company’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 transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was 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 owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of M/I Homes during the 1st quarter worth about $4,281,000. Assenagon Asset Management S.A. raised its position in M/I Homes by 42.0% during the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock valued at $6,775,000 after acquiring an additional 16,413 shares in the last quarter. Vanguard Group Inc. lifted its stake in M/I Homes by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock valued at $283,313,000 after acquiring an additional 95,437 shares during the last quarter. Los Angeles Capital Management LLC grew its position in M/I Homes by 137.1% in the first quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company’s stock worth $1,638,000 after acquiring an additional 6,950 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of M/I Homes during the 1st quarter worth $776,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Company Profile

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.