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

Shares of M/I Homes, Inc. (NYSE:MHO) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $161.6667.

MHO has been the subject of several research analyst reports. Zacks Research lowered M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th.

M/I Homes Trading Down 0.0%

NYSE MHO opened at $137.33 on Monday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 10.34 and a beta of 1.62. The business has a fifty day simple moving average of $128.02 and a 200 day simple moving average of $132.16. M/I Homes has a 12 month low of $103.52 and a 12 month high of $158.92. 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 (NYSE:MHO) last announced its 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). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The business had revenue of $920.71 million for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $3.98 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts predict that M/I Homes will post 12.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Junto Capital Management LP bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $35,871,000. Millennium Management LLC raised its holdings in shares of M/I Homes by 107.5% during the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after buying an additional 225,120 shares in the last quarter. Invesco Ltd. raised its holdings in shares of M/I Homes by 116.4% during the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after buying an additional 161,881 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of M/I Homes by 1,806.4% during the 4th quarter. Squarepoint Ops LLC now owns 114,134 shares of the construction company’s stock valued at $14,603,000 after buying an additional 108,147 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of M/I Homes by 689.4% during the 4th quarter. Gradient Investments LLC now owns 114,773 shares of the construction company’s stock valued at $14,685,000 after buying an additional 100,233 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

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.