TheStreet upgraded shares of M/I Homes (NYSE:MHO) from a c+ rating to a b rating in a report issued on Wednesday, TheStreetRatingsTable reports.

A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of M/I Homes from a strong sell rating to a hold rating in a research note on Wednesday, July 1st. Wedbush upped their target price on shares of M/I Homes from $31.00 to $47.00 and gave the stock a neutral rating in a report on Thursday. Finally, JMP Securities started coverage on shares of M/I Homes in a report on Tuesday, July 14th. They set a market outperform rating and a $47.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $41.67.

Shares of MHO stock opened at $41.63 on Wednesday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 7.25 and a beta of 2.11. The company has a current ratio of 5.23, a quick ratio of 0.57 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $34.81 and its 200 day moving average is $32.07. M/I Homes has a 12 month low of $9.62 and a 12 month high of $48.02.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $1.00. The company had revenue of $714.50 million for the quarter, compared to analysts’ expectations of $597.88 million. M/I Homes had a net margin of 6.17% and a return on equity of 16.60%. M/I Homes’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. On average, equities analysts predict that M/I Homes will post 3.31 EPS for the current year.

In related news, CFO Phillip G. Creek sold 19,859 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $30.01, for a total transaction of $595,968.59. Following the sale, the chief financial officer now owns 15,636 shares of the company’s stock, valued at approximately $469,236.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Several large investors have recently modified their holdings of MHO. FMR LLC increased its holdings in shares of M/I Homes by 94.6% in the 1st quarter. FMR LLC now owns 411,843 shares of the construction company’s stock worth $10,963,000 after buying an additional 200,190 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of M/I Homes by 358.6% in the 4th quarter. Advisor Group Inc. now owns 2,582 shares of the construction company’s stock worth $101,000 after buying an additional 2,019 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of M/I Homes by 285.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 329,455 shares of the construction company’s stock worth $12,964,000 after buying an additional 244,052 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of M/I Homes by 51.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 59,596 shares of the construction company’s stock worth $2,345,000 after buying an additional 20,171 shares during the last quarter. Finally, Man Group plc bought a new position in shares of M/I Homes in the 4th quarter worth $335,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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