M/I Homes, Inc. (NYSE:MHO) Receives Consensus Recommendation of "Strong Buy" from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been assigned a consensus recommendation of "Strong Buy" from the three brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $162.50.

A number of brokerages have issued reports on MHO. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Raymond James cut their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th.

M/I Homes Stock Down 3.1%

NYSE MHO opened at $106.99 on Friday. The business has a fifty day moving average price of $108.06 and a 200 day moving average price of $121.81. M/I Homes has a one year low of $100.22 and a one year high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company has a market cap of $2.87 billion, a P/E ratio of 5.43 and a beta of 1.65.

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

Hedge Funds Weigh In On M/I Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in shares of M/I Homes by 107.2% in the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock valued at $734,000 after buying an additional 2,858 shares during the period. Congress Asset Management Co. boosted its stake in shares of M/I Homes by 11.7% in the fourth quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company's stock valued at $6,813,000 after buying an additional 5,379 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock worth $88,000 after purchasing an additional 493 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of M/I Homes by 9.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,403 shares of the construction company's stock worth $319,000 after acquiring an additional 207 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in M/I Homes by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 140,980 shares of the construction company's stock valued at $18,743,000 after purchasing an additional 4,162 shares during the last quarter. 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.

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