M/I Homes (NYSE:MHO) Upgraded at StockNews.com

StockNews.com upgraded shares of M/I Homes (NYSE:MHO) from a hold rating to a buy rating in a research report released on Tuesday.

Several other brokerages have also recently commented on MHO. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $116.96 on Tuesday. The stock has a market capitalization 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. M/I Homes has a 52 week low of $109.92 and a 52 week high of $176.18. The stock has a 50 day moving average price of $127.53 and a 200 day moving average price of $148.54.

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

Institutional Trading of M/I Homes

Several institutional investors have recently modified their holdings of MHO. Arkadios Wealth Advisors lifted its holdings in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after buying an additional 90 shares during the period. Summit Investment Advisors Inc. raised its position in shares of M/I Homes by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company’s stock worth $371,000 after acquiring an additional 98 shares during the last quarter. Huntington National Bank lifted its stake in shares of M/I Homes by 0.6% in the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock worth $2,864,000 after acquiring an additional 105 shares during the period. Signaturefd LLC boosted its holdings in M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after acquiring an additional 117 shares during the last quarter. Finally, Bay Rivers Group increased 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 valued at $653,000 after purchasing an additional 128 shares during the period. Institutional investors own 95.14% of the company’s stock.

About M/I Homes

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.