M/I Homes, Inc. (NYSE:MHO) Receives Average Recommendation of “Moderate Buy” from Brokerages

M/I Homes, Inc. (NYSE:MHO) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $161.6667.

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

Institutional Trading of M/I Homes

Several hedge funds have recently made changes to their positions in MHO. Donald Smith & CO. Inc. increased its stake in M/I Homes by 5.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after buying an additional 82,090 shares during the period. State Street Corp lifted its position in M/I Homes by 2.2% during the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after acquiring an additional 28,187 shares during the last quarter. Millennium Management LLC lifted its position in M/I Homes by 107.5% during the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after acquiring an additional 225,120 shares during the last quarter. Royce & Associates LP boosted its stake in M/I Homes by 5.3% in the fourth quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after acquiring an additional 16,445 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in M/I Homes by 116.4% in the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after acquiring an additional 161,881 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $148.75 on Tuesday. The firm has a market cap of $3.81 billion, a PE ratio of 11.20 and a beta of 1.60. The stock has a 50 day moving average of $144.56 and a 200 day moving average of $136.66. 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 $116.78 and a 12 month high of $163.66.

M/I Homes Company Profile

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.