M/I Homes (NYSE:MHO) Given Strong-Buy Rating at Raymond James

Raymond James restated their strong-buy rating on shares of M/I Homes (NYSE:MHO) in a report released on Thursday morning,Benzinga reports. Raymond James currently has a $168.00 price objective on the construction company’s stock, down from their prior price objective of $210.00.

MHO has been the topic of a number of other research reports. Wedbush raised 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. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $130.14 on Thursday. The stock has a 50 day moving average price of $143.92 and a 200-day moving average price of $153.38. M/I Homes has a one year low of $109.92 and a one year high of $176.18. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 6.60 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.56%. Equities analysts expect that M/I Homes will post 20.42 EPS for the current year.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On M/I Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of M/I Homes in the third quarter valued at about $27,000. Principal Securities Inc. purchased a new position in M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd purchased a new stake in shares of M/I Homes in the 4th quarter valued at $33,000. Signaturefd LLC increased its stake in shares of M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after acquiring an additional 117 shares during the period. Finally, Quarry LP grew its position in M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 95.14% 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.