Shares of M/I Homes, Inc. (NYSE:MHO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $161.6667.
A number of research analysts have issued reports on MHO shares. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th.
Read Our Latest Stock Analysis on M/I Homes
M/I Homes Trading Up 1.4%
M/I Homes (NYSE:MHO – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.42 EPS. Equities research analysts predict that M/I Homes will post 12.6 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capelight Capital Asset Management LP bought a new position in shares of M/I Homes in the 4th quarter valued at about $7,037,000. SG Americas Securities LLC raised its holdings in M/I Homes by 148.7% during the fourth quarter. SG Americas Securities LLC now owns 7,995 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 4,780 shares in the last quarter. Verity Asset Management Inc. acquired a new position in M/I Homes during the fourth quarter valued at approximately $1,074,000. First Eagle Investment Management LLC boosted its position in M/I Homes by 110.1% during the fourth quarter. First Eagle Investment Management LLC now owns 60,100 shares of the construction company’s stock valued at $7,690,000 after purchasing an additional 31,495 shares during the last quarter. Finally, Militia Capital Management LLC bought a new position in M/I Homes in the first quarter valued at approximately $2,816,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
About M/I Homes
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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