TheStreet Lowers M/I Homes (NYSE:MHO) to C+

TheStreet lowered shares of M/I Homes (NYSE:MHO) from a b- rating to a c+ rating in a report released on Thursday, December 28th.

Several other equities analysts have also recently issued reports on MHO. Zacks Investment Research upgraded M/I Homes from a hold rating to a buy rating and set a $27.00 price target on the stock in a report on Wednesday, August 30th. JMP Securities set a $38.00 price target on M/I Homes and gave the company a buy rating in a report on Thursday, October 26th. ValuEngine upgraded M/I Homes from a buy rating to a strong-buy rating in a report on Tuesday, October 31st. Finally, Wedbush increased their target price on M/I Homes from $35.00 to $41.00 and gave the company an outperform rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $40.00.

Shares of M/I Homes (NYSE MHO) opened at $36.94 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 6.46. The company has a market capitalization of $1,009.46, a price-to-earnings ratio of 15.33 and a beta of 1.31. M/I Homes has a 1-year low of $22.55 and a 1-year high of $37.31.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). The business had revenue of $476.40 million for the quarter, compared to the consensus estimate of $475.42 million. M/I Homes had a return on equity of 12.31% and a net margin of 4.00%. M/I Homes’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. research analysts expect that M/I Homes will post 2.76 EPS for the current fiscal year.

In other news, CEO Robert H. Schottenstein sold 15,800 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.90, for a total transaction of $504,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Phillip G. Creek sold 25,400 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.08, for a total value of $814,832.00. Following the sale, the insider now directly owns 60,971 shares in the company, valued at approximately $1,955,949.68. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. KCS Wealth Advisory acquired a new stake in M/I Homes in the 4th quarter valued at approximately $402,000. Thomson Horstmann & Bryant Inc. raised its position in M/I Homes by 49.0% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 208,877 shares of the construction company’s stock valued at $7,185,000 after buying an additional 68,647 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in M/I Homes in the 3rd quarter valued at approximately $883,000. Delphi Management Inc. MA raised its position in M/I Homes by 39.1% in the 3rd quarter. Delphi Management Inc. MA now owns 76,598 shares of the construction company’s stock valued at $2,047,000 after buying an additional 21,520 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in M/I Homes in the 3rd quarter valued at approximately $205,000. 95.91% of the stock is currently owned by institutional investors and hedge funds.

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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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