M/I Homes, Inc. (NYSE:MHO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

M/I Homes, Inc. (NYSE:MHO) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $161.6667.

A number of brokerages have recently issued reports on MHO. Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th.

Hedge Funds Weigh In On M/I Homes

Several hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its stake in M/I Homes by 5.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock valued at $187,234,000 after purchasing an additional 82,090 shares in the last quarter. State Street Corp increased its stake in M/I Homes by 2.2% in the 4th quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after purchasing an additional 28,187 shares in the last quarter. American Century Companies Inc. increased its stake in M/I Homes by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after purchasing an additional 91,732 shares in the last quarter. Millennium Management LLC increased its stake in M/I Homes by 107.5% in the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after purchasing an additional 225,120 shares in the last quarter. Finally, Royce & Associates LP increased its stake in M/I Homes by 5.3% in the 4th quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after purchasing an additional 16,445 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

Shares of MHO stock opened at $141.35 on Monday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 10.64 and a beta of 1.62. The stock has a 50 day simple moving average of $129.89 and a 200-day simple moving average of $132.62. M/I Homes has a 12-month low of $103.52 and a 12-month high of $158.92. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The business had revenue of $920.71 million for the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the company posted $3.98 earnings per share. On average, equities analysts forecast that M/I Homes will post 12.6 EPS for the current year.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.