Analysts Set M/I Homes, Inc. (NYSE:MHO) PT at $162.50

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have received an average rating of "Strong Buy" from the three research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a buy rating and two have assigned a strong buy rating to 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.

Several research analysts have recently commented on the company. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial cut their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th.

M/I Homes Stock Performance

Shares of MHO traded up $0.15 during mid-day trading on Thursday, hitting $121.18. The stock had a trading volume of 469,964 shares, compared to its average volume of 287,781. The company has a market cap of $3.25 billion, a PE ratio of 6.41 and a beta of 1.64. The company's fifty day simple moving average is $110.36 and its two-hundred day simple moving average is $116.22. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. M/I Homes has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. M/I Homes's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.78 EPS. On average, equities analysts expect that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Trading of M/I Homes

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of M/I Homes by 38.3% in 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 last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes in the 4th quarter worth approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes in the 4th quarter worth approximately $70,000. Covestor Ltd lifted its holdings in shares of M/I Homes by 134.8% in the 1st quarter. Covestor Ltd now owns 655 shares of the construction company's stock worth $75,000 after purchasing an additional 376 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of M/I Homes in the 4th quarter worth approximately $80,000. Institutional investors own 95.14% of the company's stock.

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.