M/I Homes, Inc. (NYSE:MHO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of M/I Homes, Inc. (NYSE:MHO) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $161.6667.

A number of research firms have weighed in on MHO. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Zelman & Associates lowered shares of M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $146.13 on Tuesday. M/I Homes has a 1-year low of $116.78 and a 1-year high of $163.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.19 and a quick ratio of 1.95. The business has a fifty day moving average price of $146.44 and a 200-day moving average price of $137.14. The company has a market capitalization of $3.74 billion, a PE ratio of 12.30 and a beta of 1.60.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.M/I Homes’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.42 EPS. As a group, equities analysts expect that M/I Homes will post 12.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MHO. Hilton Head Capital Partners LLC purchased a new stake in shares of M/I Homes during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC raised its position in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after buying an additional 135 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes in the 4th quarter worth about $49,000. Caitong International Asset Management Co. Ltd lifted its stake in M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after acquiring an additional 458 shares during the period. Finally, Versant Capital Management Inc lifted its stake in M/I Homes by 133.7% during the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock valued at $66,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.