M/I Homes (MHO) Rating Increased to Hold at ValuEngine

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M/I Homes (NYSE:MHO) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Several other research firms have also weighed in on MHO. Wedbush lowered M/I Homes from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Wednesday, February 6th. JMP Securities lowered M/I Homes from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a research report on Wednesday, February 6th. They noted that the move was a valuation call. TheStreet raised M/I Homes from a “c” rating to a “b-” rating in a research report on Tuesday, February 5th. Finally, Zacks Investment Research lowered M/I Homes from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.00.

NYSE:MHO traded up $0.18 during trading hours on Wednesday, hitting $29.22. 2,076 shares of the company were exchanged, compared to its average volume of 224,984. The firm has a market cap of $808.27 million, a P/E ratio of 7.23 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 6.80 and a debt-to-equity ratio of 1.00. M/I Homes has a one year low of $20.34 and a one year high of $31.30.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. M/I Homes had a return on equity of 13.64% and a net margin of 4.61%. The firm had revenue of $481.10 million during the quarter, compared to analyst estimates of $475.56 million. During the same period last year, the company posted $0.66 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts expect that M/I Homes will post 3.91 EPS for the current year.

In other news, insider Ann Marie Hunker sold 10,600 shares of M/I Homes stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $27.67, for a total value of $293,302.00. Following the completion of the transaction, the insider now directly owns 2,600 shares of the company’s stock, valued at approximately $71,942. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP J Thomas Mason sold 61,190 shares of M/I Homes stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $27.01, for a total value of $1,652,741.90. Following the completion of the transaction, the vice president now directly owns 38,195 shares of the company’s stock, valued at $1,031,646.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,842 shares of company stock valued at $3,811,138. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of MHO. Donald Smith & CO. Inc. grew its stake in shares of M/I Homes by 26.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,565,223 shares of the construction company’s stock valued at $53,921,000 after buying an additional 534,787 shares during the period. BlackRock Inc. grew its stake in shares of M/I Homes by 12.2% in the 3rd quarter. BlackRock Inc. now owns 4,828,502 shares of the construction company’s stock valued at $115,547,000 after buying an additional 525,483 shares during the period. Towle & Co. grew its stake in shares of M/I Homes by 44.6% in the 4th quarter. Towle & Co. now owns 1,091,410 shares of the construction company’s stock valued at $22,941,000 after buying an additional 336,380 shares during the period. Q Global Advisors LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $5,070,000. Finally, FMR LLC grew its stake in shares of M/I Homes by 250.7% in the 4th quarter. FMR LLC now owns 211,653 shares of the construction company’s stock valued at $4,449,000 after buying an additional 151,300 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Company Profile

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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