M/I Homes (NYSE:MHO) Raised to Buy at StockNews.com

M/I Homes (NYSE:MHO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also issued reports on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Raymond James reiterated a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Stock Performance

NYSE MHO traded up $4.76 on Tuesday, reaching $120.89. The stock had a trading volume of 353,717 shares, compared to its average volume of 326,131. 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 stock has a market cap of $3.28 billion, a P/E ratio of 6.13 and a beta of 2.29. The business’s 50-day moving average price is $128.96 and its 200 day moving average price is $149.13. M/I Homes has a 12-month low of $109.92 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results 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, equities analysts expect that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Trading of M/I Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd acquired a new position in M/I Homes during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes during the 4th quarter worth approximately $50,000. Signaturefd LLC raised its stake in shares of M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at approximately $70,000. 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.