Separately, Wedbush raised their price target on M/I Homes from $108.00 to $116.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th.
M/I Homes Stock Up 0.7 %
M/I Homes (NYSE:MHO – Get Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.55. The firm had revenue of $1.05 billion during 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, analysts anticipate that M/I Homes will post 17.52 earnings per share for the current year.
Institutional Investors Weigh In On M/I Homes
Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio raised 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 valued at $25,000 after acquiring an additional 200 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after acquiring an additional 475 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of M/I Homes in the 1st quarter valued at approximately $43,000. Quarry LP raised its stake in shares of M/I Homes by 120.9% in the 1st quarter. Quarry LP now owns 815 shares of the construction company’s stock valued at $51,000 after acquiring an additional 446 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of M/I Homes by 28.6% in the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock valued at $86,000 after acquiring an additional 433 shares in the last quarter. 94.84% of the stock is 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.
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