StockNews.com upgraded shares of M/I Homes (NYSE:MHO - Free Report) from a hold rating to a buy rating in a research report report published on Tuesday.
Several other equities analysts have also recently issued reports on the company. Raymond James reissued a "strong-buy" rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Wedbush raised M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $155.00 to $185.00 in a report on Monday, November 4th.
Check Out Our Latest Report on MHO
M/I Homes Stock Performance
MHO stock traded up $0.03 during midday trading on Tuesday, reaching $116.95. The stock had a trading volume of 301,803 shares, compared to its average volume of 321,372. The stock has a market cap of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29. 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 fifty day simple moving average of $127.19 and a two-hundred day simple moving average of $148.37. M/I Homes has a 52-week low of $109.92 and a 52-week high of $176.18.
M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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, equities research analysts anticipate that M/I Homes will post 18.44 EPS for the current year.
Hedge Funds Weigh In On M/I Homes
Several institutional investors and hedge funds have recently modified their holdings of MHO. Principal Securities Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd purchased a new position in shares of M/I Homes in the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the 4th quarter valued at about $50,000. Signaturefd LLC increased its stake in shares of M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company's stock valued at $61,000 after purchasing an additional 117 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 95.14% of the company's stock.
About M/I Homes
(
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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.
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