Brokerages Set M/I Homes, Inc. (NYSE:MHO) Target Price at $162.50

M/I Homes, Inc. (NYSE:MHO - Get Free Report) has received a consensus rating of "Strong Buy" from the three brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $162.50.

Several brokerages have recently issued reports on MHO. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial lowered their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Stock Performance

MHO traded up $0.34 on Friday, reaching $104.52. The stock had a trading volume of 199,801 shares, compared to its average volume of 285,817. M/I Homes has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a current ratio of 7.43, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31. The business's 50-day moving average price is $107.90 and its two-hundred day moving average price is $120.88. The company has a market cap of $2.80 billion, a P/E ratio of 5.53 and a beta of 1.65.

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). M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The firm had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the firm posted $4.78 EPS. The firm's quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts forecast that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

Several large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in M/I Homes during the 4th quarter worth approximately $27,000. Fifth Third Bancorp boosted its stake in M/I Homes by 38.3% during the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after purchasing an additional 105 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in M/I Homes during the 4th quarter worth $50,000. Steward Partners Investment Advisory LLC acquired a new stake in M/I Homes during the 4th quarter worth $70,000. Finally, Covestor Ltd raised its position in M/I Homes by 134.8% during the 1st quarter. Covestor Ltd now owns 655 shares of the construction company's stock worth $75,000 after buying an additional 376 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.