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

Key Points

• M/I Homes, Inc. has received an average rating of "Buy" from five analysts, with one holding a "hold" rating, two assigning "buy" ratings, and two giving "strong buy" ratings.
• The company's average 12-month price target is set at $162.50, indicating positive expectations from market analysts.
• Despite a slight decline of 0.4% in shares, M/I Homes reported a quarterly revenue of $1.16 billion, exceeding estimates and reflecting a year-over-year increase of 4.8%.

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been given an average rating of "Buy" by the five analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $162.50.

A number of equities research analysts recently commented on MHO shares. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded M/I Homes from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th.

Hedge Funds Weigh In On M/I Homes

A number of large investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. grew its stake in shares of M/I Homes by 9.8% during the second quarter. Donald Smith & CO. Inc. now owns 1,408,390 shares of the construction company's stock valued at $157,909,000 after purchasing an additional 125,423 shares during the last quarter. American Century Companies Inc. boosted its position in M/I Homes by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 844,865 shares of the construction company's stock valued at $94,726,000 after buying an additional 81,838 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of M/I Homes by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 572,975 shares of the construction company's stock valued at $64,242,000 after buying an additional 2,021 shares during the period. Millennium Management LLC raised its position in shares of M/I Homes by 109.4% during the first quarter. Millennium Management LLC now owns 500,207 shares of the construction company's stock worth $57,114,000 after acquiring an additional 261,381 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of M/I Homes by 14.4% during the first quarter. Royce & Associates LP now owns 314,362 shares of the construction company's stock worth $35,894,000 after acquiring an additional 39,491 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Down 0.4%

Shares of NYSE MHO opened at $144.66 on Wednesday. The business has a fifty day moving average of $141.12 and a two-hundred day moving average of $121.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. M/I Homes has a 52-week low of $100.22 and a 52-week high of $176.18. The stock has a market cap of $3.87 billion, a PE ratio of 7.94 and a beta of 1.66.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) 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%. M/I Homes's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that M/I Homes will post 18.44 earnings per share for the current fiscal year.

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.

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