M/I Homes FY2025 EPS Forecast Reduced by Seaport Res Ptn

M/I Homes, Inc. (NYSE:MHO) – Equities researchers at Seaport Res Ptn lowered their FY2025 earnings per share (EPS) estimates for M/I Homes in a research report issued on Monday, November 11th. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings per share of $18.44 for the year, down from their prior forecast of $20.24. The consensus estimate for M/I Homes’ current full-year earnings is $19.83 per share.

Several other research firms have also weighed in on MHO. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Raymond James upped their price objective on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

M/I Homes Trading Up 0.4 %

NYSE MHO opened at $155.42 on Thursday. M/I Homes has a 12 month low of $102.02 and a 12 month high of $176.18. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $162.88 and a 200-day moving average of $145.08. The company has a market cap of $4.31 billion, a PE ratio of 8.33 and a beta of 2.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHO. Assenagon Asset Management S.A. boosted its position in shares of M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after acquiring an additional 144,406 shares during the period. Vision Capital Corp acquired a new stake in M/I Homes in the 3rd quarter worth about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after purchasing an additional 70,278 shares during the period. Renaissance Technologies LLC grew its position in shares of M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after purchasing an additional 51,600 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % 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. 3.70% of the stock is currently owned by corporate insiders.

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.