M/I Homes, Inc. (NYSE:MHO) Receives $161.67 Consensus Price Target from Brokerages

M/I Homes, Inc. (NYSE:MHO) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $161.6667.

MHO has been the subject of a number of analyst reports. Weiss Ratings restated 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 research report on Tuesday, April 7th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds have recently modified their holdings of MHO. Donald Smith & CO. Inc. grew its position in shares of M/I Homes by 5.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock valued at $187,234,000 after purchasing an additional 82,090 shares during the period. State Street Corp lifted its stake in M/I Homes by 2.2% in the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after buying an additional 28,187 shares in the last quarter. American Century Companies Inc. lifted its stake in M/I Homes by 10.9% in the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after buying an additional 91,732 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of M/I Homes by 107.5% in the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after buying an additional 225,120 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of M/I Homes by 5.3% in the fourth quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after buying an additional 16,445 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Up 4.2%

NYSE:MHO opened at $127.51 on Thursday. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. M/I Homes has a 1-year low of $103.52 and a 1-year high of $158.92. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.60 and a beta of 1.65. The business’s 50-day moving average price is $126.16 and its two-hundred day moving average price is $131.63.

M/I Homes (NYSE:MHO) last announced its quarterly 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 net margin of 8.24% and a return on equity of 12.91%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $3.98 earnings per share. On average, equities analysts expect that M/I Homes will post 12.6 earnings per share for the current year.

M/I Homes Company Profile

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.