M/I Homes (NYSE:MHO) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of M/I Homes (NYSE:MHO – Get Rating) in a research report report published on Thursday. The firm issued a strong-buy rating on the construction company’s stock.

Separately, Wedbush raised their target price on M/I Homes from $63.00 to $73.00 and gave the company an outperform rating in a research note on Monday, February 6th.

M/I Homes Stock Down 0.2 %

Shares of MHO traded down $0.11 during trading hours on Thursday, hitting $58.78. The stock had a trading volume of 796,627 shares, compared to its average volume of 305,893. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.66 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $57.54 and a 200-day simple moving average of $47.76. The firm has a market capitalization of $1.63 billion, a P/E ratio of 3.40 and a beta of 1.88. M/I Homes has a 1-year low of $34.33 and a 1-year high of $64.68.

Insider Activity

In other news, CEO Robert H. Schottenstein sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $61.96, for a total value of $137,551.20. Following the completion of the sale, the chief executive officer now directly owns 83,492 shares in the company, valued at approximately $5,173,164.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Robert H. Schottenstein sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $61.96, for a total value of $137,551.20. Following the transaction, the chief executive officer now owns 83,492 shares of the company’s stock, valued at approximately $5,173,164.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Phillip G. Creek sold 4,019 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $62.00, for a total transaction of $249,178.00. Following the completion of the transaction, the chief financial officer now directly owns 23,522 shares in the company, valued at approximately $1,458,364. The disclosure for this sale can be found here. Insiders sold a total of 40,147 shares of company stock worth $2,404,310 in the last three months. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On M/I Homes

Several large investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC bought a new position in M/I Homes in the 4th quarter valued at about $229,000. III Capital Management lifted its position in shares of M/I Homes by 25.0% during the 4th quarter. III Capital Management now owns 56,250 shares of the construction company’s stock worth $2,597,000 after buying an additional 11,250 shares in the last quarter. PFS Investments Inc. bought a new position in shares of M/I Homes during the 4th quarter worth approximately $200,000. Shay Capital LLC bought a new position in shares of M/I Homes during the 4th quarter worth approximately $462,000. Finally, Legal & General Group Plc lifted its position in shares of M/I Homes by 0.3% during the 4th quarter. Legal & General Group Plc now owns 65,727 shares of the construction company’s stock worth $3,035,000 after buying an additional 177 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

About M/I Homes

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M/I Homes, Inc engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.