M/I Homes (NYSE:MHO) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of M/I Homes, Inc. (NYSE:MHO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $132.96 and traded as high as $150.25. M/I Homes shares last traded at $148.8320, with a volume of 353,600 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, M/I Homes currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Stock Up 6.8%

The business has a fifty day moving average price of $133.94 and a two-hundred day moving average price of $133.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 11.95 and a beta of 1.62.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.98 earnings per share. On average, equities analysts expect that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

Institutional Trading of M/I Homes

Several institutional investors and hedge funds have recently bought and sold shares of MHO. Royal Bank of Canada raised its holdings in shares of M/I Homes by 46.3% during the first quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock worth $3,400,000 after purchasing an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in M/I Homes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after purchasing an additional 703 shares during the last quarter. United Services Automobile Association acquired a new stake in M/I Homes during the 1st quarter worth about $205,000. Strs Ohio acquired a new stake in M/I Homes during the 1st quarter worth about $114,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Company Profile

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.