M/I Homes, Inc. (NYSE:MHO) Receives $176.50 Average Price Target from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have been given a consensus recommendation of “Strong Buy” by the three analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $162.50.

A number of equities research analysts have weighed in on MHO shares. Raymond James lowered their price objective on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Tuesday. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised 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 Performance

Shares of NYSE:MHO opened at $110.36 on Friday. The business’s 50-day simple moving average is $112.36 and its 200 day simple moving average is $132.65. The company has a market cap of $2.96 billion, a P/E ratio of 5.60 and a beta of 1.99. 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 has a one year low of $100.22 and a one year high of $176.18.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm had revenue of $976.09 million during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $4.78 earnings per share. M/I Homes’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MHO. Arkadios Wealth Advisors lifted its stake in M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after purchasing an additional 90 shares during the last quarter. Xponance Inc. lifted its position in shares of M/I Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company’s stock worth $231,000 after buying an additional 97 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of M/I Homes by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company’s stock worth $371,000 after buying an additional 98 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after buying an additional 105 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of M/I Homes by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company’s stock valued at $736,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile

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.