M/I Homes, Inc. (NYSE:MHO) Given Average Rating of "Strong Buy" by Analysts

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been given a consensus recommendation of "Strong Buy" by the three brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $162.50.

A number of analysts have recently weighed in on MHO shares. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Raymond James dropped their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

Institutional Trading of M/I Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHO. Barclays PLC lifted its stake in M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock worth $21,690,000 after acquiring an additional 39,711 shares during the period. Arkadios Wealth Advisors lifted its stake in M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after acquiring an additional 90 shares during the period. Ellsworth Advisors LLC lifted its stake in M/I Homes by 11.8% in the fourth quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company's stock worth $523,000 after acquiring an additional 415 shares during the period. Janney Montgomery Scott LLC lifted its stake in M/I Homes by 35.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock worth $483,000 after acquiring an additional 942 shares during the period. Finally, Inspire Investing LLC lifted its stake in M/I Homes by 23.4% in the fourth quarter. Inspire Investing LLC now owns 2,992 shares of the construction company's stock worth $398,000 after acquiring an additional 568 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Trading Up 0.3%

MHO stock traded up $0.28 during midday trading on Wednesday, hitting $106.58. The company had a trading volume of 181,131 shares, compared to its average volume of 284,953. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. M/I Homes has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average price is $109.77 and its 200 day moving average price is $126.52.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $4.78 EPS. As a group, equities research analysts expect that M/I Homes will post 18.44 earnings per share for the current fiscal year.

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.