M/I Homes, Inc. (NYSE:MHO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

M/I Homes, Inc. (NYSE:MHOGet Free Report) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $161.6667.

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th.

Read Our Latest Report on M/I Homes

Institutional Trading of M/I Homes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. raised its holdings in M/I Homes by 5.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after acquiring an additional 82,090 shares in the last quarter. State Street Corp raised its holdings in M/I Homes by 2.2% during the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock worth $171,093,000 after acquiring an additional 28,187 shares in the last quarter. American Century Companies Inc. raised its holdings in M/I Homes by 10.9% during the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after acquiring an additional 91,732 shares in the last quarter. Millennium Management LLC raised its holdings in M/I Homes by 107.5% during the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after acquiring an additional 225,120 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in M/I Homes by 5.3% during the fourth quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock worth $41,789,000 after acquiring an additional 16,445 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Down 0.4%

MHO stock opened at $141.35 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The stock has a market capitalization of $3.62 billion, a P/E ratio of 10.64 and a beta of 1.62. The business has a 50-day moving average of $129.89 and a 200-day moving average of $132.59. M/I Homes has a fifty-two week low of $103.52 and a fifty-two week high of $158.92.

M/I Homes (NYSE:MHOGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.98 earnings per share. On average, sell-side analysts anticipate that M/I Homes will post 12.6 earnings per share for the current fiscal year.

About M/I Homes

(Get Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

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Analyst Recommendations for M/I Homes (NYSE:MHO)

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