M/I Homes (NYSE:MHO) Raised to “Outperform” at Wedbush

Wedbush upgraded shares of M/I Homes (NYSE:MHO) from a neutral rating to an outperform rating in a report issued on Monday morning, Marketbeat reports. Wedbush currently has $185.00 target price on the construction company’s stock, up from their previous target price of $155.00. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, FY2024 earnings at $20.15 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

MHO has been the subject of a number of other reports. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Raymond James raised their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd.

M/I Homes Trading Up 2.1 %

NYSE:MHO opened at $164.33 on Monday. M/I Homes has a 52 week low of $93.32 and a 52 week high of $176.18. The firm’s fifty day moving average is $162.64 and its 200-day moving average is $143.68. The firm has a market cap of $4.56 billion, a P/E ratio of 8.81 and a beta of 2.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 6.81.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $2,967,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MHO. Vanguard Group Inc. increased its position in shares of M/I Homes by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after acquiring an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in M/I Homes by 3.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock worth $166,272,000 after purchasing an additional 35,558 shares in the last quarter. American Century Companies Inc. raised its stake in shares of M/I Homes by 7.7% in the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of M/I Homes by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock valued at $32,046,000 after purchasing an additional 13,782 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after buying an additional 144,406 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

About M/I Homes

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.