According to Zacks, “M/I Homes is one of nation’s leading builders of single family homes. M/I Homes have established an exemplary reputation based on a strong commitment to superior customer service, innovative design, quality construction and premium locations. M/I Homes serve a broad segment of the housing market including first-time, move-up, luxury and empty nester buyers. M/I Homes design, market, construct and sell single-family homes and attached townhomes to first-time, moveup, empty-nester and luxury buyers. The company have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
Separately, Wedbush reiterated a neutral rating on shares of M/I Homes in a research report on Tuesday, February 2nd.
M/I Homes (NYSE:MHO) last released its earnings results on Tuesday, February 2nd. The construction company reported $2.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.52. The company had revenue of $906.20 million for the quarter, compared to analysts’ expectations of $961.99 million. M/I Homes had a return on equity of 19.06% and a net margin of 6.99%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 EPS. Equities analysts forecast that M/I Homes will post 8.44 earnings per share for the current year.
In other news, VP J Thomas Mason sold 11,000 shares of the firm’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $51.01, for a total transaction of $561,110.00. Also, CFO Phillip G. Creek sold 18,189 shares of M/I Homes stock in a transaction on Friday, February 19th. The shares were sold at an average price of $51.88, for a total transaction of $943,645.32. Over the last quarter, insiders have sold 57,247 shares of company stock valued at $2,981,753. 3.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Vantage Consulting Group Inc acquired a new position in shares of M/I Homes during the 4th quarter valued at about $34,000. Veriti Management LLC acquired a new position in M/I Homes during the fourth quarter valued at approximately $47,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of M/I Homes by 1,100.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,200 shares of the construction company’s stock valued at $53,000 after purchasing an additional 1,100 shares during the period. US Bancorp DE lifted its stake in shares of M/I Homes by 340.6% in the fourth quarter. US Bancorp DE now owns 3,014 shares of the construction company’s stock worth $134,000 after buying an additional 2,330 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of M/I Homes by 32.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,489 shares of the construction company’s stock worth $155,000 after buying an additional 858 shares during the period. 96.12% of the stock is owned by institutional investors.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, and Texas, the United States. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.
Read More: Why Invest in High-Yield Dividend Stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.