M/I Homes, Inc. (NYSE:MHO) Receives $161.67 Consensus PT from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $161.6667.

Several equities analysts have weighed in on MHO shares. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th.

Institutional Trading of M/I Homes

Several large investors have recently made changes to their positions in MHO. Paladin Wealth LLC bought a new position in M/I Homes in the second quarter valued at approximately $231,000. Gradient Investments LLC lifted its stake in M/I Homes by 1.6% during the second quarter. Gradient Investments LLC now owns 121,911 shares of the construction company’s stock worth $19,602,000 after purchasing an additional 1,895 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of M/I Homes by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,121 shares of the construction company’s stock valued at $341,000 after purchasing an additional 190 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of M/I Homes by 133.7% in the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock valued at $66,000 after purchasing an additional 234 shares in the last quarter. Finally, Militia Capital Management LLC bought a new position in shares of M/I Homes in the 1st quarter valued at $2,816,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Up 0.7%

Shares of MHO opened at $147.01 on Friday. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. M/I Homes has a 12 month low of $112.64 and a 12 month high of $163.66. The firm’s 50 day moving average is $139.75 and its 200-day moving average is $134.96. The stock has a market capitalization of $3.76 billion, a PE ratio of 11.07 and a beta of 1.60.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to the consensus estimate of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.98 earnings per share. Equities research analysts forecast that M/I Homes will post 12.6 EPS for the current year.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.