Brokerages Set M/I Homes, Inc. (NYSE:MHO) PT at $162.50

M/I Homes, Inc. (NYSE:MHO) has been given an average rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $162.50.

Several equities analysts have recently issued reports on MHO shares. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research note on Saturday, September 27th. Finally, Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th.

M/I Homes Stock Up 0.9%

Shares of MHO opened at $148.22 on Wednesday. The company has a market capitalization of $3.97 billion, a P/E ratio of 8.14 and a beta of 1.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes has a one year low of $100.22 and a one year high of $176.18. The business’s 50 day simple moving average is $142.61 and its 200-day simple moving average is $122.02.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing the consensus estimate of $4.43 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.M/I Homes’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that M/I Homes will post 18.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of M/I Homes by 14.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company’s stock valued at $239,000 after purchasing an additional 204 shares during the period. Cullen Capital Management LLC lifted its stake in shares of M/I Homes by 34.3% in the 2nd quarter. Cullen Capital Management LLC now owns 4,081 shares of the construction company’s stock valued at $458,000 after purchasing an additional 1,042 shares during the period. Corient Private Wealth LLC lifted its stake in shares of M/I Homes by 91.6% in the 2nd quarter. Corient Private Wealth LLC now owns 3,810 shares of the construction company’s stock valued at $427,000 after purchasing an additional 1,822 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of M/I Homes by 13.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 19,724 shares of the construction company’s stock valued at $2,211,000 after purchasing an additional 2,267 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of M/I Homes by 21.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,887 shares of the construction company’s stock valued at $1,336,000 after purchasing an additional 2,084 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile

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.