M/I Homes (NYSE:MHO) Raised to Strong-Buy at Seaport Res Ptn

M/I Homes (NYSE:MHO) was upgraded by investment analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts also recently commented on the company. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Stock Performance

Shares of MHO stock opened at $121.39 on Thursday. The stock has a market cap of $3.29 billion, a PE ratio of 6.16 and a beta of 2.31. The stock has a 50-day moving average of $125.52 and a 200-day moving average of $147.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes has a one year low of $109.92 and a one year high of $176.18.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, sell-side analysts expect that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. increased its holdings in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock worth $154,779,000 after purchasing an additional 65,771 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of M/I Homes by 3.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after buying an additional 39,492 shares during the period. American Century Companies Inc. grew its holdings in shares of M/I Homes by 2.4% during the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after buying an additional 20,055 shares in the last quarter. Geode Capital Management LLC raised its position in M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock valued at $124,050,000 after buying an additional 21,575 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in M/I Homes by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock valued at $91,402,000 after acquiring an additional 15,685 shares in the last quarter. 95.14% of the stock is currently 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.