M/I Homes (NYSE:MHO – Get Free Report) had its price target lifted by analysts at Raymond James from $200.00 to $210.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the construction company’s stock. Raymond James’ price target would indicate a potential upside of 36.72% from the stock’s previous close.
A number of other brokerages have also commented on MHO. Wedbush restated a “neutral” rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.
Check Out Our Latest Stock Report on M/I Homes
M/I Homes Trading Down 4.4 %
M/I Homes (NYSE:MHO – Get Free Report) last posted its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.52. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same period in the previous year, the company posted $4.12 earnings per share. Sell-side analysts anticipate that M/I Homes will post 18.34 EPS for the current fiscal year.
Hedge Funds Weigh In On M/I Homes
Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of M/I Homes in the fourth quarter valued at approximately $27,000. Signaturefd LLC boosted its stake in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after buying an additional 71 shares during the period. USA Financial Formulas boosted its stake in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after buying an additional 185 shares during the period. CWM LLC boosted its stake in shares of M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after buying an additional 329 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of M/I Homes in the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
About M/I Homes
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.
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