FY2024 EPS Estimates for M/I Homes Cut by Seaport Res Ptn

M/I Homes, Inc. (NYSE:MHO) – Analysts at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for shares of M/I Homes in a note issued to investors on Monday, November 11th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will earn $19.73 per share for the year, down from their previous estimate of $20.13. The consensus estimate for M/I Homes’ current full-year earnings is $19.83 per share. Seaport Res Ptn also issued estimates for M/I Homes’ Q4 2024 earnings at $4.74 EPS.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Raymond James boosted their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes Price Performance

M/I Homes stock opened at $154.87 on Wednesday. The company has a fifty day simple moving average of $162.90 and a 200-day simple moving average of $145.02. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 8.37 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. M/I Homes has a 52-week low of $101.45 and a 52-week high of $176.18.

Insider Activity at M/I Homes

In related 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 directly owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On M/I Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHO. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes during the 3rd quarter worth $27,000. Signaturefd LLC boosted its stake in M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares during the period. CWM LLC increased its position in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares during the last quarter. Quarry LP raised its stake in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of M/I Homes in the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.