M/I Homes, Inc. (NYSE:MHO) Given Average Rating of “Strong Buy” by Brokerages

M/I Homes, Inc. (NYSE:MHO) has earned an average recommendation of “Strong Buy” from the three analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $176.50.

MHO has been the topic of several research reports. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. 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 MHO opened at $114.01 on Tuesday. The stock has a 50 day moving average of $118.94 and a 200 day moving average of $141.44. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 5.78 and a beta of 1.99. M/I Homes has a 12 month low of $105.00 and a 12 month high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) 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, sell-side analysts forecast that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. purchased a new position in M/I Homes during the third quarter valued at approximately $86,000. FMR LLC boosted its holdings in M/I Homes by 41.4% in the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company’s stock valued at $16,589,000 after purchasing an additional 28,355 shares during the period. BNP Paribas Financial Markets grew its position in shares of M/I Homes by 4.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock valued at $3,501,000 after purchasing an additional 887 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of M/I Homes by 35.2% in the third quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company’s stock worth $417,000 after purchasing an additional 634 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of M/I Homes in the third quarter worth $1,388,000. 95.14% of the stock is currently owned by institutional investors.

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.