M/I Homes, Inc. (NYSE:MHO) Receives Average Rating of "Buy" from Brokerages

Key Points

• M/I Homes, Inc. (NYSE:MHO) has received a consensus rating of "Buy" from five analysts, with an average 1-year price target of $162.50.
• Institutional investors now own 95.14% of M/I Homes' stock, with Osaic Holdings Inc. and State of Wyoming making significant increases to their holdings during the second quarter.
• The company reported $4.42 EPS for the last quarter, slightly missing analysts' expectations, while revenues rose by 4.8% year-over-year to $1.16 billion.

M/I Homes, Inc. (NYSE:MHO - Get Free Report) has been given a consensus rating of "Buy" by the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $162.50.

MHO has been the topic of a number of research reports. Zelman & Associates upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Zacks Research raised shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th.

Institutional Trading of M/I Homes

Several hedge funds and other institutional investors have recently made changes to their positions in MHO. Northern Trust Corp raised its stake in M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after buying an additional 26,820 shares during the last quarter. BOKF NA increased its holdings in shares of M/I Homes by 5.5% during the fourth quarter. BOKF NA now owns 3,396 shares of the construction company's stock valued at $422,000 after acquiring an additional 176 shares in the last quarter. Deutsche Bank AG raised its position in shares of M/I Homes by 19.7% in the 4th quarter. Deutsche Bank AG now owns 47,617 shares of the construction company's stock worth $6,331,000 after purchasing an additional 7,832 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of M/I Homes in the 4th quarter worth about $548,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in M/I Homes by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,165 shares of the construction company's stock worth $2,016,000 after purchasing an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 3.7%

Shares of MHO stock traded up $5.56 during midday trading on Friday, reaching $156.96. 321,995 shares of the stock were exchanged, compared to its average volume of 247,392. M/I Homes has a 1 year low of $100.22 and a 1 year high of $176.18. The firm has a market cap of $4.20 billion, a PE ratio of 8.62 and a beta of 1.66. The company's 50 day moving average is $133.04 and its two-hundred day moving average is $118.67. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The business's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that M/I Homes will post 18.44 EPS for the current 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.