Shares of M/I Homes, Inc. (NYSE:MHO) have been given a consensus rating of “Buy” by the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $30.67.
Several analysts have issued reports on MHO shares. BidaskClub downgraded M/I Homes from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. ValuEngine downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Saturday, July 29th.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of M/I Homes in the first quarter valued at about $104,000. Bank of Montreal Can increased its position in shares of M/I Homes by 111.8% in the second quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of M/I Homes by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,164 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of M/I Homes by 7.4% in the first quarter. Mason Street Advisors LLC now owns 5,790 shares of the construction company’s stock valued at $142,000 after acquiring an additional 399 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of M/I Homes in the second quarter valued at about $201,000.
M/I Homes (NYSE:MHO) traded up 0.38% on Wednesday, reaching $28.79. The company had a trading volume of 156,226 shares. The stock has a market capitalization of $722.74 million, a price-to-earnings ratio of 13.62 and a beta of 1.09. The firm has a 50 day moving average price of $26.44 and a 200-day moving average price of $26.74. M/I Homes has a 12 month low of $20.40 and a 12 month high of $29.42.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $456.87 million for the quarter, compared to the consensus estimate of $456.56 million. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Analysts forecast that M/I Homes will post $2.93 earnings per share for the current fiscal year.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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