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

Shares of M/I Homes, Inc. (NYSE:MHO) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $164.25.

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Wednesday, August 12th. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. New Street Research set a $172.00 price objective on shares of M/I Homes in a research note on Tuesday, August 4th. Finally, Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th.

M/I Homes Stock Performance

Shares of MHO opened at $151.72 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. The stock has a 50-day moving average of $151.44 and a two-hundred day moving average of $139.22. The stock has a market cap of $3.84 billion, a P/E ratio of 12.77 and a beta of 1.60. M/I Homes has a one year low of $116.78 and a one year high of $163.66.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $4.42 earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. As a group, research analysts predict that M/I Homes will post 12.62 EPS for the current year.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 10,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total transaction of $1,512,800.00. Following the sale, the chief financial officer directly owned 30,918 shares of the company’s stock, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of M/I Homes

A number of hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC purchased a new position in M/I Homes during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in M/I Homes in the 4th quarter worth approximately $49,000. Versant Capital Management Inc boosted its position in M/I Homes by 133.7% in the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock worth $66,000 after purchasing an additional 234 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.