M/I Homes (NYSE:MHO) Stock Rating Lowered by StockNews.com

M/I Homes (NYSE:MHO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Friday.

Separately, Raymond James upped their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd.

M/I Homes Stock Performance

NYSE:MHO traded up $2.42 during mid-day trading on Friday, reaching $174.24. The stock had a trading volume of 260,080 shares, compared to its average volume of 276,606. M/I Homes has a twelve month low of $74.79 and a twelve month high of $176.18. The business has a 50 day simple moving average of $160.57 and a 200 day simple moving average of $139.59. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.89 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $4.12 EPS. On average, analysts expect that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the business's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the sale, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of M/I Homes

Institutional investors and hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new position in M/I Homes in the 1st quarter valued at about $4,281,000. Assenagon Asset Management S.A. lifted its stake in shares of M/I Homes by 42.0% during the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company's stock valued at $6,775,000 after buying an additional 16,413 shares during the period. Vanguard Group Inc. boosted its position in M/I Homes by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company's stock worth $283,313,000 after acquiring an additional 95,437 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in M/I Homes by 137.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company's stock worth $1,638,000 after acquiring an additional 6,950 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in M/I Homes in the 1st quarter valued at $776,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.