M/I Homes (MHO) Rating Increased to Strong-Buy at ValuEngine

M/I Homes (NYSE:MHO) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Several other brokerages also recently issued reports on MHO. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 24th. Wedbush raised their price target on M/I Homes from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, December 29th. JMP Securities set a $38.00 target price on M/I Homes and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, TheStreet downgraded M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. M/I Homes currently has a consensus rating of “Buy” and a consensus price target of $40.00.

Shares of M/I Homes (NYSE MHO) traded down $0.35 during trading hours on Monday, hitting $31.50. The stock had a trading volume of 575,356 shares, compared to its average volume of 293,898. The firm has a market capitalization of $876.53, a P/E ratio of 13.88 and a beta of 1.21. M/I Homes has a 12 month low of $22.91 and a 12 month high of $37.41. The company has a current ratio of 5.61, a quick ratio of 1.04 and a debt-to-equity ratio of 1.08.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Thursday, February 1st. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The business had revenue of $621.00 million during the quarter, compared to analyst estimates of $589.11 million. M/I Homes had a net margin of 3.56% and a return on equity of 12.66%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. research analysts predict that M/I Homes will post 4.19 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in M/I Homes by 3.3% during the second quarter. BlackRock Inc. now owns 3,700,251 shares of the construction company’s stock worth $105,640,000 after buying an additional 117,165 shares in the last quarter. Donald Smith & CO. Inc. grew its position in M/I Homes by 43.4% during the third quarter. Donald Smith & CO. Inc. now owns 2,338,617 shares of the construction company’s stock worth $62,511,000 after buying an additional 708,186 shares in the last quarter. ClariVest Asset Management LLC grew its position in M/I Homes by 4.1% during the third quarter. ClariVest Asset Management LLC now owns 483,865 shares of the construction company’s stock worth $12,933,000 after buying an additional 19,029 shares in the last quarter. Northern Trust Corp grew its position in M/I Homes by 0.8% during the second quarter. Northern Trust Corp now owns 309,693 shares of the construction company’s stock worth $8,841,000 after buying an additional 2,610 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in M/I Homes by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 251,974 shares of the construction company’s stock worth $7,193,000 after buying an additional 9,847 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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M/I Homes Company Profile

M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.

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