M/I Homes (NYSE:MHO – Get Free Report)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a research report issued to clients and investors on Wednesday, RTT News reports. They presently have a $130.00 price target on the construction company’s stock, up from their prior price target of $116.00. Wedbush’s price objective suggests a potential upside of 6.19% from the stock’s previous close.
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 Report on M/I Homes
M/I Homes Stock Up 2.5 %
M/I Homes (NYSE:MHO – Get Free Report) last released its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The company had revenue of $972.59 million for the quarter, compared to the consensus estimate of $1.19 billion. Equities research analysts forecast that M/I Homes will post 16.35 EPS for the current year.
Insider Buying and Selling
In related news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction that occurred 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 directly owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of MHO. Strs Ohio boosted its holdings in M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares during the period. GAMMA Investing LLC purchased a new stake in M/I Homes in the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of M/I Homes during the 4th quarter valued at $29,000. USA Financial Formulas raised its position in shares of M/I Homes by 578.1% during the 4th quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of M/I Homes by 1,979.2% during the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. 95.14% of the stock is owned by 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.
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