M/I Homes (NYSE:MHO) Rating Lowered to “Buy” at StockNews.com

M/I Homes (NYSE:MHO) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Separately, Raymond James upped their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Trading Down 0.9 %

NYSE MHO opened at $150.19 on Thursday. The stock’s 50 day moving average is $162.71 and its 200 day moving average is $142.32. The company has a quick ratio of 1.76, a current ratio of 6.52 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.17 billion, a PE ratio of 8.05 and a beta of 2.23. M/I Homes has a twelve month low of $89.21 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. M/I Homes had a return on equity of 19.94% and a net margin of 12.54%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $4.12 EPS. Research analysts forecast that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On M/I Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of M/I Homes by 3.9% during the 3rd quarter. Assetmark Inc. now owns 43,498 shares of the construction company’s stock valued at $7,454,000 after acquiring an additional 1,626 shares during the period. Olympiad Research LP increased its position in M/I Homes by 7.2% in the third quarter. Olympiad Research LP now owns 2,247 shares of the construction company’s stock worth $385,000 after buying an additional 150 shares in the last quarter. Arlington Capital Management Inc. raised its stake in shares of M/I Homes by 2.0% in the third quarter. Arlington Capital Management Inc. now owns 11,119 shares of the construction company’s stock worth $1,905,000 after buying an additional 219 shares during the period. Old North State Wealth Management LLC lifted its position in shares of M/I Homes by 0.9% during the 3rd quarter. Old North State Wealth Management LLC now owns 47,361 shares of the construction company’s stock valued at $8,116,000 after buying an additional 445 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of M/I Homes by 100.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,350 shares of the construction company’s stock valued at $5,201,000 after acquiring an additional 15,227 shares during the period. 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.