FY2025 EPS Estimates for M/I Homes Cut by Seaport Res Ptn

M/I Homes, Inc. (NYSE:MHO - Free Report) - Equities research analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for shares of M/I Homes in a report issued on Monday, November 11th. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $18.44 per share for the year, down from their previous estimate of $20.24. The consensus estimate for M/I Homes' current full-year earnings is $19.83 per share.

A number of other analysts have also recently issued reports on MHO. Wedbush raised M/I Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Raymond James raised their price target on M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, August 2nd.

M/I Homes Price Performance

MHO traded up $1.26 during trading on Thursday, reaching $154.87. 197,634 shares of the company were exchanged, compared to its average volume of 277,302. The company's 50-day moving average is $162.90 and its two-hundred day moving average is $145.02. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 8.37 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. M/I Homes has a 12-month low of $101.45 and a 12-month high of $176.18.

Institutional Investors Weigh In On M/I Homes

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $27,000. Signaturefd LLC raised its stake in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares during the last quarter. CWM LLC raised its stake in shares of M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company's stock worth $62,000 after purchasing an additional 329 shares during the last quarter. Quarry LP raised its stake in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company's stock worth $68,000 after purchasing an additional 333 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes in the third quarter worth $86,000. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

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.