Brokerages Set M/I Homes, Inc. (NYSE:MHO) Price Target at $176.50

M/I Homes, Inc. (NYSE:MHO - Get Free Report) has received a consensus rating of "Strong Buy" from the three brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $176.50.

MHO has been the subject of several analyst reports. Raymond James reiterated a "strong-buy" rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Finally, StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

M/I Homes Stock Down 0.2 %

Shares of MHO traded down $0.19 during midday trading on Friday, hitting $121.39. 269,522 shares of the company's stock traded hands, compared to its average volume of 321,469. M/I Homes has a 1 year low of $109.92 and a 1 year high of $176.18. The firm's fifty day moving average is $125.52 and its 200-day moving average is $147.43. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31.

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M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS 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%. As a group, sell-side analysts anticipate that M/I Homes will post 18.44 earnings per share for the current year.

Hedge Funds Weigh In On M/I Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its stake in M/I Homes by 4.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after acquiring an additional 90 shares during the last quarter. Summit Investment Advisors Inc. grew its position in M/I Homes by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock worth $371,000 after purchasing an additional 98 shares during the period. Huntington National Bank grew its position in M/I Homes by 0.6% during the 3rd quarter. Huntington National Bank now owns 16,714 shares of the construction company's stock worth $2,864,000 after purchasing an additional 105 shares during the period. Bay Rivers Group grew its position in M/I Homes by 2.7% during the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock worth $653,000 after purchasing an additional 128 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in M/I Homes by 5.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock worth $324,000 after purchasing an additional 131 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, 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.