M/I Homes (NYSE:MHO) Earns Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of M/I Homes (NYSE:MHO) in a research report report published on Wednesday morning, RTT News reports. They currently have a $130.00 target price on the construction company’s stock, up from their prior target price of $116.00. Wedbush also issued estimates for M/I Homes’ Q1 2025 earnings at $4.34 EPS and Q2 2025 earnings at $4.43 EPS.

Separately, StockNews.com upgraded M/I Homes from a hold rating to a buy rating in a report on Monday, February 19th.

M/I Homes Stock Down 0.2 %

MHO opened at $120.07 on Wednesday. The business has a 50 day moving average price of $123.21 and a 200 day moving average price of $116.08. M/I Homes has a twelve month low of $64.28 and a twelve month high of $140.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 6.51. The firm has a market cap of $3.33 billion, a P/E ratio of 6.91 and a beta of 2.13.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Research analysts forecast that M/I Homes will post 16.35 EPS for the current year.

Insider Transactions at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of M/I Homes

Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in M/I Homes by 563.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,735 shares of the construction company’s stock valued at $2,553,000 after buying an additional 15,910 shares during the period. Arlington Capital Management Inc. raised its position in shares of M/I Homes by 55.5% during the first quarter. Arlington Capital Management Inc. now owns 10,827 shares of the construction company’s stock worth $1,476,000 after purchasing an additional 3,863 shares during the period. Petra Financial Advisors Inc. raised its position in shares of M/I Homes by 3.5% during the first quarter. Petra Financial Advisors Inc. now owns 6,276 shares of the construction company’s stock worth $855,000 after purchasing an additional 213 shares during the period. Bay Rivers Group raised its position in shares of M/I Homes by 29.7% during the first quarter. Bay Rivers Group now owns 4,383 shares of the construction company’s stock worth $597,000 after purchasing an additional 1,003 shares during the period. Finally, Nvest Financial LLC acquired a new stake in shares of M/I Homes during the first quarter worth about $210,000. 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.