M/I Homes, Inc. (NYSE:MHO) Receives $176.50 Average PT from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO) have received a consensus recommendation of “Strong Buy” from the three research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $176.50.

A number of research analysts have commented on MHO shares. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Raymond James reissued a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $118.91 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock’s fifty day moving average price is $125.00 and its two-hundred day moving average price is $146.82. M/I Homes has a one year low of $109.92 and a one year high of $176.18. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 6.03 and a beta of 2.31.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, equities analysts forecast that M/I Homes will post 18.44 EPS for the current year.

Institutional Trading of M/I Homes

Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in M/I Homes in the third quarter valued at about $769,000. Farther Finance Advisors LLC boosted its stake in M/I Homes by 240.6% in the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock valued at $181,000 after buying an additional 746 shares in the last quarter. Olympiad Research LP boosted its stake in M/I Homes by 7.2% in the third quarter. Olympiad Research LP now owns 2,247 shares of the construction company’s stock valued at $385,000 after buying an additional 150 shares in the last quarter. Assetmark Inc. boosted its stake in M/I Homes by 3.9% in the third quarter. Assetmark Inc. now owns 43,498 shares of the construction company’s stock valued at $7,454,000 after buying an additional 1,626 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in M/I Homes in the third quarter valued at about $395,000. 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.