M/I Homes, Inc. (NYSE:MHO) Stock Has Average Price Target of $164.40

Shares of M/I Homes, Inc. (NYSE:MHO) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $164.40.

MHO has been the subject of several analyst reports. Freedom Broker dropped their price target on shares of M/I Homes from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research report on Wednesday, August 12th. New Street Research set a $172.00 price objective on M/I Homes in a research report on Tuesday, August 4th. Zacks Research lowered M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Citigroup reissued a “market outperform” rating on shares of M/I Homes in a research note on Thursday, October 8th.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip Creek sold 20,000 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $126.28, for a total transaction of $2,525,600.00. Following the completion of the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $3,904,325.04. This represents a 39.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MHO. EverSource Wealth Advisors LLC grew its position in M/I Homes by 33.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 391 shares of the construction company’s stock valued at $48,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of M/I Homes by 4.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,222 shares of the construction company’s stock worth $300,000 after acquiring an additional 101 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of M/I Homes by 2.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 7,049 shares of the construction company’s stock worth $953,000 after acquiring an additional 158 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of M/I Homes in the second quarter worth approximately $26,000. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of M/I Homes by 3.1% during the third quarter. SummerHaven Investment Management LLC now owns 6,329 shares of the construction company’s stock worth $855,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Up 3.1%

NYSE MHO opened at $135.72 on Thursday. M/I Homes has a 52 week low of $113.40 and a 52 week high of $163.66. The company has a quick ratio of 1.44, a current ratio of 7.54 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $134.03 and its 200-day simple moving average is $137.64. The firm has a market cap of $3.40 billion, a PE ratio of 11.22 and a beta of 1.67.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, October 21st. The construction company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.55). M/I Homes had a net margin of 6.59% and a return on equity of 10.12%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $3.92 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that M/I Homes will post 10.76 earnings per share for the current year.

About M/I Homes

M/I Homes, Inc is a homebuilder that plans and constructs single-family homes in a range of styles and price points. Its communities serve buyers including first-time homeowners, move-up buyers and luxury-home customers.

Founded in 1976 and headquartered in Columbus, Ohio, the company operates in markets across the Midwest, Mid-Atlantic, Southeast and Texas. Its homebuilding operations are complemented by services that help buyers with mortgage financing and title-related needs.

Robert H.