M/I Homes, Inc. (NYSE:MHO) Given Average Recommendation of "Buy" by Brokerages

M/I Homes, Inc. (NYSE:MHO - Get Free Report) has received an average recommendation of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $170.00.

Several equities analysts recently commented on MHO shares. Zacks Research raised shares of M/I Homes from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Raymond James Financial increased their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Friday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of M/I Homes in a research note on Saturday.

M/I Homes Stock Performance

NYSE MHO opened at $129.94 on Friday. The company has a current ratio of 6.85, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 7.63 and a beta of 1.70. The firm's 50 day simple moving average is $144.05 and its 200 day simple moving average is $124.21. M/I Homes has a 1 year low of $100.22 and a 1 year high of $172.23.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.37 by ($0.23). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The company's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts expect that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On M/I Homes

Several large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in shares of M/I Homes by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company's stock valued at $286,000 after acquiring an additional 93 shares during the last quarter. SkyOak Wealth LLC raised its stake in shares of M/I Homes by 3.8% during the third quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company's stock valued at $353,000 after acquiring an additional 90 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of M/I Homes during the third quarter valued at $28,000. Brendel Financial Advisors LLC bought a new position in shares of M/I Homes during the third quarter valued at $203,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of M/I Homes during the third quarter valued at $289,000. Institutional investors own 95.14% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.