M/I Homes, Inc. (NYSE:MHO - Free Report) - Stock analysts at Wedbush lifted their FY2024 earnings estimates for M/I Homes in a report issued on Monday, November 4th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $20.15 per share for the year, up from their prior forecast of $19.90. Wedbush currently has a "Outperform" rating and a $185.00 price objective on the stock. The consensus estimate for M/I Homes' current full-year earnings is $19.76 per share. Wedbush also issued estimates for M/I Homes' Q4 2024 earnings at $5.16 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.
A number of other research analysts have also recently commented on the company. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Raymond James raised their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a report on Friday, August 2nd.
Check Out Our Latest Stock Report on MHO
M/I Homes Price Performance
MHO stock traded up $4.31 during trading on Tuesday, reaching $160.22. The company's stock had a trading volume of 259,991 shares, compared to its average volume of 276,311. The company has a quick ratio of 1.53, a current ratio of 6.52 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $162.53 and its 200-day moving average is $143.07. The company has a market capitalization of $4.45 billion, a P/E ratio of 8.36 and a beta of 2.24. M/I Homes has a 1 year low of $92.14 and a 1 year high of $176.18.
Institutional Trading of M/I Homes
A number of large investors have recently modified their holdings of MHO. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in M/I Homes during the 3rd quarter valued at $250,000. State of New Jersey Common Pension Fund D bought a new position in M/I Homes during the 3rd quarter worth about $2,065,000. Colonial River Investments LLC purchased a new position in M/I Homes during the 3rd quarter valued at about $397,000. Axxcess Wealth Management LLC purchased a new stake in shares of M/I Homes in the 3rd quarter worth approximately $395,000. Finally, Assetmark Inc. increased its holdings in M/I Homes by 3.9% during the third quarter. Assetmark Inc. now owns 43,498 shares of the construction company's stock valued at $7,454,000 after buying an additional 1,626 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.
M/I Homes Company Profile
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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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