M/I Homes, Inc. (NYSE:MHO) Receives Average Recommendation of “Strong Buy” from Brokerages

M/I Homes, Inc. (NYSE:MHO) has been assigned an average recommendation of “Strong Buy” from the three brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $176.50.

MHO has been the topic of several research analyst reports. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James restated a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

M/I Homes Stock Up 0.6 %

MHO stock opened at $114.12 on Tuesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 5.79 and a beta of 2.31. The company has a 50-day moving average of $120.81 and a two-hundred day moving average of $142.76. M/I Homes has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, equities research analysts anticipate that M/I Homes will post 18.44 EPS for the current year.

Institutional Trading of M/I Homes

Several institutional investors have recently made changes to their positions in MHO. Principal Securities Inc. acquired a new position in M/I Homes in the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in M/I Homes during the fourth quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the 4th quarter worth approximately $50,000. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in M/I Homes in the 4th quarter valued at $70,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.