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

M/I Homes, Inc. (NYSE:MHO) has received an average recommendation of “Strong Buy” from the three brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $176.50.

A number of analysts recently commented on the company. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes Price Performance

M/I Homes stock opened at $114.01 on Tuesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 5.78 and a beta of 1.99. M/I Homes has a 52-week low of $105.00 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock’s 50 day moving average price is $118.94 and its two-hundred day moving average price is $141.44.

M/I Homes (NYSE:MHO) last issued its earnings results 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%. On average, equities analysts predict that M/I Homes will post 18.44 earnings per share for the current year.

Hedge Funds Weigh In On M/I Homes

A number of hedge funds have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after purchasing an additional 90 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in M/I Homes by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company’s stock valued at $371,000 after acquiring an additional 98 shares in the last quarter. Bay Rivers Group boosted its holdings in M/I Homes by 2.7% during the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock worth $653,000 after acquiring an additional 128 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company’s stock worth $324,000 after acquiring an additional 131 shares in the last quarter. Finally, Nvest Financial LLC grew its stake in shares of M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock worth $242,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.