M/I Homes (NYSE:MHO – Get Free Report) was downgraded by equities researchers at Wedbush from an “outperform” rating to a “neutral” rating in a report released on Monday, Briefing.com reports. They currently have a $116.00 target price on the construction company’s stock. Wedbush’s price objective would indicate a potential downside of 6.33% from the stock’s current price.
Separately, StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th.
M/I Homes Trading Up 0.1 %
NYSE MHO opened at $123.84 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.38 and a quick ratio of 1.66. The firm’s fifty day moving average price is $96.15 and its 200 day moving average price is $91.24. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 7.19 and a beta of 2.11. M/I Homes has a 12 month low of $44.86 and a 12 month high of $126.26.
M/I Homes (NYSE:MHO – Get Free Report) last posted its earnings results on Wednesday, October 25th. The construction company reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.55. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. M/I Homes had a net margin of 11.47% and a return on equity of 22.47%. On average, sell-side analysts expect that M/I Homes will post 17.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MHO. Ziegler Capital Management LLC acquired a new position in M/I Homes in the 2nd quarter valued at about $760,000. SG Americas Securities LLC increased its holdings in shares of M/I Homes by 16.3% in the second quarter. SG Americas Securities LLC now owns 41,529 shares of the construction company’s stock valued at $3,621,000 after purchasing an additional 5,813 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of M/I Homes by 231.1% in the second quarter. JPMorgan Chase & Co. now owns 396,480 shares of the construction company’s stock valued at $34,569,000 after purchasing an additional 276,730 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of M/I Homes by 29.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600 shares of the construction company’s stock worth $575,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Ascendant Capital Management LLC acquired a new stake in shares of M/I Homes during the first quarter worth $915,000. Institutional investors and hedge funds own 94.84% of the company’s stock.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.