M/I Homes, Inc. (NYSE:MHO) Receives Average Recommendation of "Strong Buy" from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO - Get Free Report) have received a consensus recommendation of "Strong Buy" from the three research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $176.50.

A number of analysts have recently weighed in on MHO shares. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Raymond James reissued a "strong-buy" rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On M/I Homes

A number of large investors have recently made changes to their positions in the stock. Hennessy Advisors Inc. purchased a new position in M/I Homes in the 4th quarter worth $43,674,000. Millennium Management LLC increased its holdings in shares of M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock valued at $31,752,000 after purchasing an additional 110,086 shares during the period. Royce & Associates LP raised its stake in shares of M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after purchasing an additional 81,964 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of M/I Homes during the fourth quarter worth about $10,672,000. Finally, Voloridge Investment Management LLC boosted its position in M/I Homes by 3,243.7% in the fourth quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company's stock valued at $10,042,000 after buying an additional 73,276 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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M/I Homes Stock Up 4.5 %

Shares of MHO stock traded up $4.91 during mid-day trading on Tuesday, hitting $114.01. 509,951 shares of the stock traded hands, compared to its average volume of 287,698. The stock's fifty day moving average is $118.94 and its two-hundred day moving average is $141.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes has a 52-week low of $105.00 and a 52-week high of $176.18. The stock has a market cap of $3.09 billion, a P/E ratio of 5.78 and a beta of 1.99.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Equities analysts predict that M/I Homes will post 18.44 EPS for the current year.

M/I Homes Company Profile

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.