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

M/I Homes (NYSE:MHO) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Raymond James increased their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Stock Down 0.6 %

M/I Homes stock opened at $152.60 on Thursday. The company has a market cap of $4.23 billion, a P/E ratio of 8.78 and a beta of 2.23. M/I Homes has a 1-year low of $81.38 and a 1-year high of $176.18. The company has a fifty day simple moving average of $163.04 and a 200 day simple moving average of $142.02. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last released its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter last year, the firm earned $4.12 earnings per share. Research analysts anticipate that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Institutional Trading of M/I Homes

Several hedge funds and other institutional investors have recently bought and sold shares of MHO. V Square Quantitative Management LLC acquired a new stake in M/I Homes in the 3rd quarter worth about $27,000. Signaturefd LLC raised its stake in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC raised its stake in M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after purchasing an additional 329 shares in the last quarter. Hollencrest Capital Management acquired a new stake in M/I Homes in the 1st quarter worth about $68,000. Finally, Quarry LP raised its stake in M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds 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.