M/I Homes (NYSE:MHO) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of M/I Homes (NYSE:MHO) from a hold rating to a buy rating in a report released on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James restated a “strong-buy” rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Trading Up 4.1 %

NYSE MHO opened at $120.89 on Tuesday. M/I Homes has a 12 month low of $109.92 and a 12 month high of $176.18. The stock has a 50 day moving average of $128.96 and a 200-day moving average of $149.13. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.28 billion, a PE ratio of 6.13 and a beta of 2.29.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its position in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock worth $154,779,000 after buying an additional 65,771 shares during the period. Westfield Capital Management Co. LP increased its position in M/I Homes by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after buying an additional 39,492 shares during the period. American Century Companies Inc. increased its position in M/I Homes by 2.4% during the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after buying an additional 20,055 shares during the period. Geode Capital Management LLC increased its position in M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after buying an additional 21,575 shares during the period. Finally, Franklin Resources Inc. increased its position in M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock worth $91,402,000 after buying an additional 15,685 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.