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

M/I Homes, Inc. (NYSE:MHO) has received an average rating of “Strong Buy” from the three ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $176.50.

A number of equities analysts have recently weighed in on MHO shares. Raymond James reiterated a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, 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.

M/I Homes Trading Up 0.6 %

NYSE MHO opened at $114.12 on Tuesday. The firm’s 50 day moving average price is $120.81 and its two-hundred day moving average price is $142.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes has a twelve month low of $109.92 and a twelve month high of $176.18. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 5.79 and a beta of 2.31.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Equities analysts anticipate that M/I Homes will post 18.44 EPS for the current year.

Institutional Investors Weigh In On M/I Homes

Several institutional investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new position in M/I Homes during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of M/I Homes during the 4th quarter valued at $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes in the 4th quarter valued at $50,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at $70,000. Finally, Jones Financial Companies Lllp bought a new stake in M/I Homes in the fourth quarter worth $80,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.