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

M/I Homes (NYSE:MHO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Separately, Raymond James increased their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Stock Down 0.9 %

Shares of NYSE MHO opened at $150.19 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.52 and a quick ratio of 1.76. The stock has a market capitalization of $4.17 billion, a PE ratio of 8.05 and a beta of 2.23. M/I Homes has a one year low of $89.21 and a one year high of $176.18. The business’s fifty day moving average price is $162.71 and its 200-day moving average price is $142.32.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.52. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. M/I Homes had a net margin of 12.54% and a return on equity of 19.94%. During the same quarter in the previous year, the firm posted $4.12 earnings per share. On average, equities research analysts anticipate that M/I Homes will post 19.76 EPS for the current year.

Institutional Trading of M/I Homes

Several hedge funds have recently added to or reduced their stakes in MHO. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of M/I Homes in the first quarter worth approximately $4,281,000. Assenagon Asset Management S.A. raised its stake in shares of M/I Homes by 42.0% during the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock valued at $6,775,000 after acquiring an additional 16,413 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of M/I Homes during the first quarter worth about $776,000. Boston Partners bought a new stake in shares of M/I Homes in the first quarter worth about $1,210,000. Finally, BNP Paribas Financial Markets raised its position in M/I Homes by 50.1% during the 1st quarter. BNP Paribas Financial Markets now owns 22,663 shares of the construction company’s stock valued at $3,089,000 after purchasing an additional 7,561 shares during the last quarter. 95.14% of the stock is owned by 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.