Shares of M/I Homes, Inc. (NYSE:MHO – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $101.90, but opened at $103.98. M/I Homes shares last traded at $103.40, with a volume of 15,057 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Wedbush lifted their target price on shares of M/I Homes from $108.00 to $116.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th.
M/I Homes Stock Performance
M/I Homes (NYSE:MHO – Get Free Report) last announced its earnings results on Wednesday, October 25th. The construction company reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.55. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. M/I Homes had a return on equity of 22.47% and a net margin of 11.47%. On average, equities analysts forecast that M/I Homes, Inc. will post 17.52 EPS for the current year.
Hedge Funds Weigh In On M/I Homes
Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio lifted its stake in shares of M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Clearstead Advisors LLC lifted its position in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares during the period. Point72 Hong Kong Ltd purchased a new stake in M/I Homes in the 1st quarter valued at approximately $43,000. Quarry LP increased its position in M/I Homes by 120.9% during the 1st quarter. Quarry LP now owns 815 shares of the construction company’s stock worth $51,000 after purchasing an additional 446 shares during the period. Finally, Captrust Financial Advisors increased its position in M/I Homes by 28.6% during the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock worth $86,000 after purchasing an additional 433 shares during the period. 94.84% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Five stocks we like better than M/I Homes
- Insider Buying Explained: What Investors Need to Know
- Is it time to buy the dip in Walmart shares?
- What Are Dividend Contenders? Investing in Dividend Contenders
- Unlocking AI investment opportunities in healthcare
- How to Invest in Blockchain Stocks Step by Step
- New Disney investor propels stock to ranks of best S&P gainers
Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.