M/I Homes, Inc. (NYSE:MHO) Given Average Recommendation of “Buy” by Brokerages

M/I Homes, Inc. (NYSE:MHO) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $170.00.

Several equities analysts recently commented on MHO shares. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Zelman & Associates raised shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Raymond James Financial increased their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a research note on Saturday.

M/I Homes Stock Performance

NYSE MHO opened at $129.94 on Friday. The company has a current ratio of 6.85, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 7.63 and a beta of 1.70. The firm’s 50 day simple moving average is $144.05 and its 200 day simple moving average is $124.21. M/I Homes has a 1 year low of $100.22 and a 1 year high of $172.23.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.37 by ($0.23). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, 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

Several large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in shares of M/I Homes by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company’s stock valued at $286,000 after acquiring an additional 93 shares during the last quarter. SkyOak Wealth LLC raised its stake in shares of M/I Homes by 3.8% during the third quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company’s stock valued at $353,000 after acquiring an additional 90 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of M/I Homes during the third quarter valued at $28,000. Brendel Financial Advisors LLC bought a new position in shares of M/I Homes during the third quarter valued at $203,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of M/I Homes during the third quarter valued at $289,000. Institutional investors 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.