M/I Homes, Inc. (NYSE:MHO) Receives $176.50 Average PT from Brokerages

M/I Homes, Inc. (NYSE:MHO) has been given a consensus recommendation of “Strong Buy” by the three ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $176.50.

Several research firms have recently weighed in on MHO. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $121.39 on Friday. 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 has a 12 month low of $109.92 and a 12 month high of $176.18. The company has a 50 day simple moving average of $125.52 and a two-hundred day simple moving average of $147.38. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31.

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

Institutional Trading of M/I Homes

Hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp increased its stake in shares of M/I Homes by 143.6% during the fourth quarter. Mackenzie Financial Corp now owns 13,775 shares of the construction company’s stock worth $1,831,000 after buying an additional 8,121 shares during the period. Invst LLC grew its position in shares of M/I Homes by 13.2% during the fourth quarter. Invst LLC now owns 3,843 shares of the construction company’s stock worth $511,000 after acquiring an additional 448 shares during the last quarter. US Asset Management LLC purchased a new position in shares of M/I Homes during the fourth quarter worth approximately $272,000. PharVision Advisers LLC purchased a new position in M/I Homes in the 4th quarter valued at $209,000. Finally, Voloridge Investment Management LLC boosted its holdings in M/I Homes by 3,243.7% in the 4th quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock valued at $10,042,000 after purchasing an additional 73,276 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.