Analysts Set M/I Homes, Inc. (NYSE:MHO) PT at $161.67

M/I Homes, Inc. (NYSE:MHO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $161.6667.

A number of brokerages have commented on MHO. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday.

M/I Homes Trading Down 1.5%

Shares of NYSE:MHO opened at $150.16 on Friday. The company has a market cap of $3.84 billion, a P/E ratio of 11.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. M/I Homes has a 1 year low of $110.94 and a 1 year high of $163.66. The stock’s fifty day moving average price is $139.29 and its 200-day moving average price is $134.73.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to the consensus estimate of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $3.98 EPS. Sell-side analysts expect that M/I Homes will post 12.6 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new stake in shares of M/I Homes in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC grew its holdings in M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes during the 4th quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd increased its stake in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after acquiring an additional 458 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake 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 acquiring an additional 234 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

About M/I Homes

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.