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

M/I Homes, Inc. (NYSE:MHO) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $161.6667.

Several research firms have issued reports on MHO. Citigroup restated a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Oppenheimer set a $165.00 price target on M/I Homes in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th.

Hedge Funds Weigh In On M/I Homes

A number of hedge funds have recently added to or reduced their stakes in MHO. Hilton Head Capital Partners LLC bought a new position in M/I Homes during the 4th quarter worth $28,000. Jones Financial Companies Lllp increased its stake in M/I Homes by 73.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after acquiring an additional 87 shares during the period. EverSource Wealth Advisors LLC increased its stake in M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares during the period. Aster Capital Management DIFC Ltd bought a new position in M/I Homes during the 4th quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after acquiring an additional 458 shares during the period. Institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

NYSE:MHO opened at $123.89 on Thursday. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $126.56 and its two-hundred day moving average price is $131.63. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.33 and a beta of 1.65. M/I Homes has a 12-month low of $103.52 and a 12-month high of $158.92.

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