Raymond James Issues Pessimistic Forecast for M/I Homes (NYSE:MHO) Stock Price

M/I Homes (NYSE:MHO) had its price objective lowered by Raymond James from $168.00 to $140.00 in a report published on Tuesday,Benzinga reports. Raymond James currently has a strong-buy rating on the construction company’s stock.

MHO has been the subject of several other reports. StockNews.com lowered M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

M/I Homes Stock Up 0.6 %

Shares of NYSE:MHO opened at $107.30 on Tuesday. The company has a 50 day moving average price of $112.57 and a two-hundred day moving average price of $133.06. The company has a market capitalization of $2.87 billion, a PE ratio of 5.44 and a beta of 1.99. M/I Homes has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $4.78 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts forecast that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the fourth quarter valued at approximately $33,000. Fifth Third Bancorp lifted its position in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock worth $43,000 after purchasing an additional 105 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes during the fourth quarter worth $50,000. Finally, Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the fourth quarter valued at $70,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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.