M/I Homes (NYSE:MHO) Earns Neutral Rating from Seaport Research Partners

Key Points

• Seaport Research Partners reissued a neutral rating on M/I Homes (MHO), while the analyst consensus remains a Moderate Buy with an average price target of $161.67.
• M/I Homes beat EPS estimates with $3.91 vs. $3.88 expected but missed revenue at $1.15 billion, a 4.9% year‑over‑year decline.
• Insider selling accelerated recently: CEO Robert H. Schottenstein and CFO Phillip G. Creek sold shares on Feb. 12, and insiders have sold 49,213 shares (~$7.12M) in the past 90 days, with insiders now owning 3.5% of the company.

M/I Homes (NYSE:MHO - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at Seaport Research Partners in a research report issued to clients and investors on Tuesday,Benzinga reports.

Other equities analysts have also recently issued reports about the company. Citizens Jmp assumed coverage on M/I Homes in a research note on Wednesday, January 7th. They set a "market outperform" rating and a $165.00 price objective on the stock. Zacks Research upgraded M/I Homes from a "strong sell" rating to a "hold" rating in a research note on Friday. Citigroup reiterated a "market outperform" rating on shares of M/I Homes in a research note on Friday, January 30th. Oppenheimer set a $165.00 target price on M/I Homes in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of M/I Homes in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, M/I Homes has an average rating of "Moderate Buy" and an average target price of $161.67.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $122.46 on Tuesday. The company has a current ratio of 8.12, a quick ratio of 1.86 and a debt-to-equity ratio of 0.31. The stock's fifty day simple moving average is $134.05 and its two-hundred day simple moving average is $133.83. M/I Homes has a 1-year low of $100.22 and a 1-year high of $158.92. The stock has a market cap of $3.16 billion, a PE ratio of 8.33 and a beta of 1.77.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.03. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the business earned $4.71 EPS. The business's revenue was down 4.9% on a year-over-year basis. As a group, analysts forecast that M/I Homes will post 18.44 EPS for the current fiscal year.

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 14,974 shares of M/I Homes stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $2,198,183.20. Following the sale, the chief executive officer directly owned 348,513 shares in the company, valued at $51,161,708.40. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Phillip G. Creek sold 8,616 shares of M/I Homes stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the sale, the chief financial officer owned 45,815 shares in the company, valued at $6,725,642. The trade was a 15.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,213 shares of company stock worth $7,115,268 in the last ninety days. Company insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On M/I Homes

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new stake in M/I Homes during the third quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings in M/I Homes by 73.1% during the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company's stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in M/I Homes during the fourth quarter valued at about $28,000. Private Trust Co. NA purchased a new stake in M/I Homes during the third quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company's stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

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