M/I Homes, Inc. (NYSE:MHO) Receives $170.00 Average Target Price from Analysts

M/I Homes, Inc. (NYSE:MHO) has earned an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $170.00.

A number of research firms recently issued reports on MHO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research report on Wednesday, October 8th. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Raymond James Financial boosted their price target on M/I Homes from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Friday.

Hedge Funds Weigh In On M/I Homes

A number of institutional investors have recently bought and sold shares of MHO. Salomon & Ludwin LLC acquired a new position in M/I Homes during the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after buying an additional 135 shares during the last quarter. Private Trust Co. NA acquired a new position in M/I Homes during the third quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. increased its position in M/I Homes by 58.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company’s stock worth $52,000 after buying an additional 170 shares during the last quarter. Finally, WealthCollab LLC grew its position in shares of M/I Homes by 16.5% in the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

NYSE:MHO opened at $130.95 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 7.17. The stock’s 50-day simple moving average is $143.55 and its 200 day simple moving average is $124.61. The company has a market cap of $3.42 billion, a P/E ratio of 7.69 and a beta of 1.70. M/I Homes has a 52-week low of $100.22 and a 52-week high of $172.23.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.23). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a net margin of 10.56% and a return on equity of 15.72%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that M/I Homes will post 18.44 EPS for the current fiscal year.

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.