M/I Homes (NYSE:MHO) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• M/I Homes (NYSE:MHO) has received a "hold (C+)" rating from Weiss Ratings, while Zacks Research recently upgraded the stock from "strong sell" to "hold."
• The stock has a consensus rating of "Buy" with a target price of $162.50, despite a recent earnings report that showed a slight miss on estimates.
• Institutional investors own approximately 95.14% of M/I Homes, with several firms significantly increasing their holdings in the company's stock over recent quarters.

M/I Homes (NYSE:MHO - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on MHO. Zacks Research upgraded M/I Homes from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, M/I Homes presently has a consensus rating of "Buy" and a consensus target price of $162.50.

M/I Homes Stock Down 0.5%

Shares of MHO stock opened at $135.60 on Wednesday. M/I Homes has a 1-year low of $100.22 and a 1-year high of $176.18. The stock's fifty day moving average price is $143.58 and its 200 day moving average price is $122.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 7.45 and a beta of 1.70.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.12 billion. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts expect that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On M/I Homes

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company's stock valued at $32,000 after buying an additional 135 shares during the period. 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 valued at $43,000 after buying an additional 105 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of M/I Homes by 58.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company's stock valued at $52,000 after buying an additional 170 shares during the period. WealthCollab LLC lifted its holdings in shares of M/I Homes by 16.5% in the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company's stock valued at $69,000 after buying an additional 87 shares during the period. Finally, 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 valued at $75,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds 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.

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