M/I Homes, Inc. (NYSE:MHO) Receives $176.50 Consensus Target Price from Analysts

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have been assigned an average recommendation of "Strong Buy" from the three analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $162.50.

A number of research analysts recently commented on the company. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Raymond James dropped their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday.

M/I Homes Stock Performance

Shares of MHO traded up $0.05 during mid-day trading on Friday, hitting $105.25. The company's stock had a trading volume of 217,651 shares, compared to its average volume of 285,397. M/I Homes has a one year low of $100.22 and a one year high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The firm has a market capitalization of $2.85 billion, a PE ratio of 5.34 and a beta of 1.99. The stock's 50-day moving average is $113.24 and its two-hundred day moving average is $133.86.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The business had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.78 earnings per share. As a group, sell-side analysts anticipate that M/I Homes will post 18.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $27,000. R Squared Ltd acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $33,000. Fifth Third Bancorp boosted its holdings in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after buying an additional 105 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $50,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $70,000. Institutional investors 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.