Brokerages Set M/I Homes, Inc. (NYSE:MHO) Target Price at $176.50

M/I Homes, Inc. (NYSE:MHO) has been assigned a consensus recommendation of “Strong Buy” from the three analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $176.50.

Several research firms recently commented on MHO. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

Institutional Investors Weigh In On M/I Homes

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. grew its position in shares of M/I Homes by 107.2% during the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after buying an additional 2,858 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in M/I Homes during the 3rd quarter worth $1,388,000. West Oak Capital LLC grew its holdings in M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock worth $660,000 after acquiring an additional 4,865 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of M/I Homes in the 3rd quarter worth about $4,698,000. Finally, Range Financial Group LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $834,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $109.10 on Tuesday. The business has a 50-day moving average of $119.37 and a two-hundred day moving average of $141.98. The firm has a market capitalization of $2.96 billion, a PE ratio of 5.54 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes has a 12 month low of $106.57 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. As a group, research analysts forecast that M/I Homes will post 18.44 earnings per share for the current year.

About M/I Homes

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.