M/I Homes, Inc. (NYSE:MHO) Receives Average Rating of “Buy” from Analysts

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

Several analysts have recently issued reports on MHO shares. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. 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, Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th.

Hedge Funds Weigh In On M/I Homes

A number of institutional investors have recently modified their holdings of MHO. Hilton Head Capital Partners LLC purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its stake in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in M/I Homes in the 4th quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd raised its holdings in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after acquiring an additional 458 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in 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 acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

MHO stock opened at $157.01 on Friday. M/I Homes has a 1 year low of $110.94 and a 1 year high of $163.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. The stock’s 50 day moving average price is $138.14 and its 200 day moving average price is $134.32. The firm has a market cap of $4.02 billion, a P/E ratio of 11.82 and a beta of 1.60.

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