M/I Homes (NYSE:MHO) Trading Down 5.7%

M/I Homes, Inc. (NYSE:MHOGet Free Report)’s stock price was down 5.7% during mid-day trading on Tuesday . The company traded as low as $124.10 and last traded at $124.80. Approximately 51,332 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 261,878 shares. The stock had previously closed at $132.38.

Analyst Ratings Changes

Several research firms have recently weighed in on MHO. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Wedbush cut shares of M/I Homes from an “outperform” rating to a “neutral” rating and set a $116.00 price target for the company. in a research note on Monday, December 18th.

View Our Latest Report on MHO

M/I Homes Trading Down 6.0 %

The company has a market cap of $3.46 billion, a P/E ratio of 7.57 and a beta of 2.13. The company has a current ratio of 6.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $125.98 and a 200-day moving average price of $111.96.

M/I Homes (NYSE:MHOGet Free Report) last posted 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). The business had revenue of $972.59 million for the quarter, compared to analyst estimates of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. Analysts forecast that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MHO. McGlone Suttner Wealth Management Inc. bought a new position in shares of M/I Homes during the fourth quarter worth about $29,000. GAMMA Investing LLC acquired a new position in M/I Homes in the fourth quarter valued at $27,000. USA Financial Formulas boosted its position in M/I Homes by 578.1% during the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Strs Ohio grew its holdings in M/I Homes by 200.0% during the 3rd 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. Finally, Clearstead Advisors LLC raised its position in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

About M/I Homes

(Get Free Report)

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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