M/I Homes (NYSE:MHO) Earns “Hold (C+)” Rating from Weiss Ratings

M/I Homes (NYSE:MHO)‘s stock had its “hold (c+)” rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also weighed in on MHO. Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $162.50.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $135.60 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes has a twelve month low of $100.22 and a twelve month high of $176.18. The business has a 50-day moving average price of $143.58 and a 200 day moving average price of $122.40. The firm has a market cap of $3.63 billion, a PE ratio of 7.45 and a beta of 1.70.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On M/I Homes

A number of large investors have recently made changes to their positions in MHO. Millennium Management LLC grew its position in shares of M/I Homes by 109.4% in the first quarter. Millennium Management LLC now owns 500,207 shares of the construction company’s stock valued at $57,114,000 after purchasing an additional 261,381 shares in the last quarter. Donald Smith & CO. Inc. grew its position in shares of M/I Homes by 9.8% in the second quarter. Donald Smith & CO. Inc. now owns 1,408,390 shares of the construction company’s stock valued at $157,909,000 after purchasing an additional 125,423 shares in the last quarter. Long Pond Capital LP purchased a new stake in shares of M/I Homes in the second quarter valued at approximately $13,694,000. Nuveen LLC purchased a new stake in shares of M/I Homes in the first quarter valued at approximately $11,829,000. Finally, Allianz Asset Management GmbH grew its position in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock valued at $26,155,000 after purchasing an additional 100,029 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Company Profile

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.