M/I Homes, Inc. (NYSE:MHO) Receives $162.50 Average PT from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been assigned an average rating of "Strong Buy" from the three research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $162.50.

A number of equities research analysts have commented on the company. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial decreased 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 report on Tuesday, April 29th.

M/I Homes Trading Up 0.1%

Shares of NYSE MHO traded up $0.15 during trading hours on Thursday, reaching $121.18. The stock had a trading volume of 469,964 shares, compared to its average volume of 287,427. 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 firm has a market cap of $3.25 billion, a price-to-earnings ratio of 6.41 and a beta of 1.64. The business's fifty day moving average price is $110.36 and its two-hundred day moving average price is $116.36. M/I Homes has a 52-week low of $100.22 and a 52-week high of $176.18.

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

Institutional Trading of M/I Homes

A number of hedge funds have recently made changes to their positions in MHO. Assenagon Asset Management S.A. lifted its holdings in M/I Homes by 6.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 209,427 shares of the construction company's stock valued at $23,481,000 after acquiring an additional 12,506 shares during the last quarter. Exchange Traded Concepts LLC increased its position in M/I Homes by 6.1% during the second quarter. Exchange Traded Concepts LLC now owns 9,090 shares of the construction company's stock worth $1,019,000 after buying an additional 522 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of M/I Homes by 5.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,510 shares of the construction company's stock valued at $636,000 after acquiring an additional 305 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of M/I Homes by 29.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,652 shares of the construction company's stock valued at $858,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Range Financial Group LLC increased its position in M/I Homes by 7.1% during the second quarter. Range Financial Group LLC now owns 8,108 shares of the construction company's stock worth $909,000 after acquiring an additional 536 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

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.