Wedbush Upgrades M/I Homes (NYSE:MHO) to Outperform

Wedbush upgraded shares of M/I Homes (NYSE:MHO) from a neutral rating to an outperform rating in a research note released on Monday, MarketBeat reports. They currently have $185.00 price objective on the construction company’s stock, up from their previous price objective of $155.00. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, FY2024 earnings at $20.15 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

Other analysts have also recently issued reports about the stock. Raymond James raised their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

M/I Homes Trading Up 0.3 %

Shares of NYSE MHO opened at $160.77 on Monday. The company has a current ratio of 6.81, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. M/I Homes has a one year low of $93.25 and a one year high of $176.18. The business has a 50-day moving average price of $162.52 and a two-hundred day moving average price of $143.53. The firm has a market capitalization of $4.46 billion, a PE ratio of 8.62 and a beta of 2.24.

Institutional Investors Weigh In On M/I Homes

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in M/I Homes by 5.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,537 shares of the construction company’s stock valued at $891,000 after acquiring an additional 325 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in M/I Homes by 1.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,323 shares of the construction company’s stock worth $1,680,000 after purchasing an additional 205 shares in the last quarter. BNP Paribas Financial Markets increased its position in M/I Homes by 50.1% during the first quarter. BNP Paribas Financial Markets now owns 22,663 shares of the construction company’s stock worth $3,089,000 after buying an additional 7,561 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in M/I Homes during the first quarter valued at about $86,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of M/I Homes in the first quarter worth about $4,281,000. Institutional investors 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.