M/I Homes (NYSE:MHO – Get Free Report)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a report issued on Wednesday, 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’s price objective would suggest a potential upside of 8.07% from the stock’s current price.
Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.
Get Our Latest Research Report on MHO
M/I Homes Price Performance
M/I Homes (NYSE:MHO – Get Free Report) last posted its earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Equities analysts predict that M/I Homes will post 16.35 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were 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 owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio increased its stake in shares of M/I Homes by 200.0% in the third 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. GAMMA Investing LLC acquired a new stake in shares of M/I Homes in the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of M/I Homes in the fourth quarter worth $29,000. USA Financial Formulas increased its stake in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after acquiring an additional 185 shares during the period. Finally, Clearstead Advisors LLC increased its stake in shares of M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after acquiring an additional 475 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.
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