M/I Homes, Inc. (MHO) Receives $31.00 Average PT from Brokerages

M/I Homes, Inc. (NYSE:MHO) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.00.

Several analysts have issued reports on the stock. BidaskClub lowered shares of M/I Homes from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. JMP Securities upgraded shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Saturday, July 29th. ValuEngine lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Wedbush set a $32.00 price objective on shares of M/I Homes and gave the stock a “buy” rating in a report on Thursday, April 27th.

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M/I Homes (NYSE:MHO) traded down 0.54% during trading on Friday, reaching $25.67. The company’s stock had a trading volume of 98,266 shares. The stock’s 50 day moving average is $27.59 and its 200 day moving average is $26.13. The company has a market cap of $644.42 million, a price-to-earnings ratio of 12.14 and a beta of 1.09. 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 released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $456.87 million for the quarter, compared to analysts’ expectations of $456.56 million. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts expect that M/I Homes will post $3.00 EPS for the current fiscal year.

In related news, VP J Thomas Mason sold 27,594 shares of M/I Homes stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $28.42, for a total transaction of $784,221.48. Following the transaction, the vice president now owns 19,594 shares in the company, valued at approximately $556,861.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in M/I Homes by 6.8% in the second quarter. Victory Capital Management Inc. now owns 61,660 shares of the construction company’s stock worth $1,761,000 after buying an additional 3,925 shares during the period. KBC Group NV increased its position in shares of M/I Homes by 24.0% in the second quarter. KBC Group NV now owns 14,147 shares of the construction company’s stock valued at $404,000 after buying an additional 2,738 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of M/I Homes by 51.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,608 shares of the construction company’s stock valued at $217,000 after buying an additional 2,586 shares during the last quarter. Legal & General Group Plc increased its position in shares of M/I Homes by 8.7% in the second quarter. Legal & General Group Plc now owns 44,903 shares of the construction company’s stock valued at $1,282,000 after buying an additional 3,605 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of M/I Homes by 184.0% in the second quarter. SG Americas Securities LLC now owns 12,040 shares of the construction company’s stock valued at $344,000 after buying an additional 7,800 shares during the last quarter.

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.