Seaport Res Ptn Reduces Earnings Estimates for M/I Homes

M/I Homes, Inc. (NYSE:MHO) – Investment analysts at Seaport Res Ptn reduced their FY2025 earnings per share (EPS) estimates for M/I Homes in a research note issued on Monday, November 11th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $18.44 per share for the year, down from their prior forecast of $20.24. The consensus estimate for M/I Homes’ current full-year earnings is $19.83 per share.

Other research analysts have also issued research reports about the stock. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James raised their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

M/I Homes Price Performance

M/I Homes stock opened at $155.42 on Thursday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 8.33 and a beta of 2.24. M/I Homes has a 12-month low of $102.02 and a 12-month high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $162.88 and its 200 day simple moving average is $145.08.

Institutional Trading of M/I Homes

Several hedge funds and other institutional investors have recently modified their holdings of MHO. Signaturefd LLC grew its holdings in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares in the last quarter. Bay Rivers Group boosted its position in M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock worth $544,000 after acquiring an additional 75 shares during the last quarter. Xponance Inc. grew its stake in shares of M/I Homes by 4.9% during the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock worth $210,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp raised its holdings in shares of M/I Homes by 1.4% in the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after purchasing an additional 87 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of M/I Homes by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company’s stock worth $366,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% 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.