M/I Homes (NYSE:MHO) Hits New 1-Year High at $46.31

M/I Homes Inc (NYSE:MHO) reached a new 52-week high on Friday . The stock traded as high as $46.31 and last traded at $45.96, with a volume of 8446 shares changing hands. The stock had previously closed at $45.15.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, October 29th. TheStreet lowered shares of M/I Homes from a “b” rating to a “c+” rating in a research note on Wednesday, October 23rd. Wedbush raised their price objective on shares of M/I Homes from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, ValuEngine cut shares of M/I Homes from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company’s stock. M/I Homes has a consensus rating of “Hold” and a consensus target price of $41.00.

The company’s 50 day simple moving average is $43.21 and its 200 day simple moving average is $35.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.93 and a quick ratio of 0.52. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.17 and a beta of 0.96.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.33. The business had revenue of $653.35 million for the quarter, compared to analysts’ expectations of $604.31 million. M/I Homes had a return on equity of 13.78% and a net margin of 4.77%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. As a group, analysts forecast that M/I Homes Inc will post 4.88 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of MHO. Vanguard Group Inc. raised its holdings in M/I Homes by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,851,131 shares of the construction company’s stock valued at $52,831,000 after acquiring an additional 41,860 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in M/I Homes by 6.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,215,247 shares of the construction company’s stock worth $34,683,000 after acquiring an additional 72,071 shares in the last quarter. State Street Corp grew its holdings in M/I Homes by 1.1% during the 3rd quarter. State Street Corp now owns 961,712 shares of the construction company’s stock worth $36,208,000 after acquiring an additional 10,369 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of M/I Homes by 53.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 558,553 shares of the construction company’s stock valued at $15,941,000 after purchasing an additional 193,781 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of M/I Homes by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 458,648 shares of the construction company’s stock valued at $13,091,000 after purchasing an additional 2,177 shares during the last quarter. Institutional investors own 97.34% of the company’s stock.

About M/I Homes (NYSE:MHO)

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

Featured Story: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.