M/I Homes (NYSE:MHO) Stock Rating Upgraded by StockNews.com

M/I Homes (NYSE:MHO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

MHO has been the topic of several other research reports. Raymond James restated a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes Trading Up 4.1 %

M/I Homes stock traded up $4.76 during mid-day trading on Tuesday, hitting $120.89. The company’s stock had a trading volume of 353,717 shares, compared to its average volume of 326,131. The stock’s fifty day moving average is $128.96 and its two-hundred day moving average is $149.13. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.28 billion, a PE ratio of 6.13 and a beta of 2.29. M/I Homes has a 1 year low of $109.92 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 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%. On average, analysts anticipate that M/I Homes will post 18.44 EPS for the current year.

Institutional Trading of M/I Homes

A number of institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in M/I Homes in the fourth quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes in the fourth quarter valued at approximately $50,000. Signaturefd LLC raised its holdings in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after purchasing an additional 117 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth approximately $70,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.