Seaport Res Ptn Forecasts Reduced Earnings for M/I Homes

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

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

M/I Homes Price Performance

NYSE:MHO opened at $154.87 on Thursday. The company’s 50-day moving average is $162.90 and its two-hundred day moving average is $145.02. 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 firm has a market cap of $4.30 billion, a price-to-earnings ratio of 8.37 and a beta of 2.24. M/I Homes has a 12-month low of $101.45 and a 12-month high of $176.18.

Institutional Trading of M/I Homes

A number of hedge funds have recently made changes to their positions in MHO. V Square Quantitative Management LLC bought a new position in shares of M/I Homes during the 3rd quarter valued at $27,000. Signaturefd LLC lifted its position in M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after purchasing an additional 71 shares during the period. CWM LLC increased its stake in M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares during the period. Quarry LP grew 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 valued at $68,000 after purchasing an additional 333 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in M/I Homes during the third quarter worth $86,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes 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 transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% 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.