M/I Homes (NYSE:MHO) Given New $140.00 Price Target at Raymond James

M/I Homes (NYSE:MHO - Get Free Report) had its price objective reduced by research analysts at Raymond James from $168.00 to $140.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "strong-buy" rating on the construction company's stock. Raymond James' price objective indicates a potential upside of 34.02% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday.

M/I Homes Price Performance

MHO traded down $0.74 on Tuesday, hitting $104.46. 33,422 shares of the company's stock were exchanged, compared to its average volume of 284,682. M/I Homes has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 5.30 and a beta of 1.99. The firm has a 50-day moving average price of $113.24 and a 200-day moving average price of $133.86. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly 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 net margin of 12.51% and a return on equity of 20.20%. The company had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company earned $4.78 earnings per share. M/I Homes's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd purchased a new position in M/I Homes during the fourth quarter worth $33,000. Fifth Third Bancorp raised its stake in 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 purchasing an additional 105 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the 4th quarter worth about $50,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in M/I Homes during the fourth quarter worth approximately $70,000. 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.

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