M/I Homes, Inc. (NYSE:MHO) Receives $161.67 Consensus Target Price from Analysts

M/I Homes, Inc. (NYSE:MHO) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $161.6667.

A number of analysts have recently issued reports on MHO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Oppenheimer set a $165.00 price target on M/I Homes in a research report on Friday, January 30th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th.

Insider Buying and Selling

In related news, insider Susan E. Krohne sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $134.28, for a total transaction of $671,400.00. Following the transaction, the insider directly owned 6,167 shares of the company’s stock, valued at approximately $828,104.76. The trade was a 44.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the transaction, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. This trade represents a 15.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 49,213 shares of company stock valued at $7,115,268. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On M/I Homes

Several hedge funds and other institutional investors have recently bought and sold shares of MHO. JPMorgan Chase & Co. increased its holdings in shares of M/I Homes by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock valued at $38,505,000 after acquiring an additional 55,206 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of M/I Homes in the 3rd quarter valued at approximately $3,401,000. American Century Companies Inc. increased its holdings in shares of M/I Homes by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after acquiring an additional 91,732 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of M/I Homes by 83.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 39,831 shares of the construction company’s stock valued at $5,753,000 after acquiring an additional 18,095 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in shares of M/I Homes in the 3rd quarter valued at approximately $13,315,000. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Stock Up 1.3%

Shares of NYSE:MHO opened at $129.02 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.86 and a current ratio of 8.12. M/I Homes has a 1 year low of $102.44 and a 1 year high of $158.92. The stock has a market capitalization of $3.30 billion, a P/E ratio of 8.77 and a beta of 1.77. The stock has a 50-day simple moving average of $131.12 and a 200-day simple moving average of $132.13.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business earned $4.71 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities analysts forecast that M/I Homes will post 13.63 earnings per share for the current year.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.