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

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been given an average rating of "Strong Buy" by the three brokerages that are presently covering the company, Marketbeat.com reports. One 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 target price among brokers that have issued ratings on the stock in the last year is $162.50.

A number of research analysts recently weighed in on MHO shares. Raymond James dropped their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday. StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

M/I Homes Stock Performance

M/I Homes stock traded up $0.04 during mid-day trading on Friday, reaching $106.72. 58,149 shares of the company were exchanged, compared to its average volume of 284,715. The firm's 50-day simple moving average is $112.75 and its two-hundred day simple moving average is $133.47. M/I Homes has a twelve month low of $100.22 and a twelve month high of $176.18. The firm has a market cap of $2.86 billion, a PE ratio of 5.44 and a beta of 1.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $4.78 EPS. M/I Homes's revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts predict that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Trading of M/I Homes

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of M/I Homes during the 4th quarter worth $27,000. R Squared Ltd purchased a new position in M/I Homes during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes during the 4th quarter valued at about $50,000. Fifth Third Bancorp raised its position in M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after acquiring an additional 105 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes in the fourth quarter valued at about $70,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.