M/I Homes, Inc. (NYSE:MHO) insider Phillip G. Creek sold 25,400 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.08, for a total value of $814,832.00. Following the transaction, the insider now directly owns 60,971 shares in the company, valued at $1,955,949.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $476.40 million for the quarter, compared to analyst estimates of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS.
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Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of M/I Homes during the 1st quarter valued at about $104,000. Bank of Montreal Can increased its holdings in shares of M/I Homes by 111.8% during the 2nd quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of M/I Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,164 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in M/I Homes during the 2nd quarter valued at approximately $201,000. Finally, Cim Investment Mangement Inc. bought a new stake in M/I Homes during the 2nd quarter valued at approximately $213,000.
Several equities analysts recently commented on MHO shares. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Saturday, July 29th. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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