M/I Homes, Inc. (NYSE:MHO) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have earned an average recommendation of “Strong Buy” from the three ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $162.50.

A number of research analysts have issued reports on the company. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Raymond James Financial reduced their price target on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, April 29th.

M/I Homes Price Performance

MHO stock opened at $119.79 on Thursday. The company’s 50-day moving average price is $110.54 and its two-hundred day moving average price is $115.98. The firm has a market cap of $3.21 billion, a P/E ratio of 6.33 and a beta of 1.64. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. M/I Homes has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The firm had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business earned $4.78 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. On average, analysts anticipate that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Trading of M/I Homes

A number of hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after purchasing an additional 105 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the fourth quarter worth $50,000. Steward Partners Investment Advisory LLC bought a new position in M/I Homes during the fourth quarter worth $70,000. Covestor Ltd raised its stake in M/I Homes by 134.8% during the first quarter. Covestor Ltd now owns 655 shares of the construction company’s stock worth $75,000 after buying an additional 376 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in M/I Homes in the fourth quarter valued at $80,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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.