M/I Homes (NYSE:MHO) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of M/I Homes (NYSE:MHO) from a hold rating to a buy rating in a report published on Friday morning, Zacks.com reports. They currently have $36.00 price objective on the construction company’s stock.
According to Zacks, “M/I Homes is one of nation’s leading builders of single family homes. M/I Homes have established an exemplary reputation based on a strong commitment to superior customer service, innovative design, quality construction and premium locations. M/I Homes serve a broad segment of the housing market including first-time, move-up, luxury and empty nester buyers. M/I Homes design, market, construct and sell single-family homes and attached townhomes to first-time, moveup, empty-nester and luxury buyers. The company have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
Several other equities research analysts have also commented on MHO. TheStreet lowered shares of YRC Worldwide from a c rating to a d+ rating in a report on Wednesday, May 15th. Wedbush restated an outperform rating on shares of Alphabet in a report on Thursday, April 25th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $31.67.
M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. M/I Homes had a net margin of 4.58% and a return on equity of 13.32%. The business had revenue of $623.69 million during the quarter, compared to analyst estimates of $546.04 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts expect that M/I Homes will post 4.26 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of MHO. Investors Research Corp bought a new position in shares of M/I Homes during the 2nd quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in shares of M/I Homes by 109.9% during the 1st quarter. Versant Capital Management Inc now owns 1,018 shares of the construction company’s stock worth $27,000 after acquiring an additional 533 shares in the last quarter. Denali Advisors LLC raised its stake in shares of M/I Homes by 1,746.0% during the 1st quarter. Denali Advisors LLC now owns 1,163 shares of the construction company’s stock worth $31,000 after acquiring an additional 1,100 shares in the last quarter. Quantamental Technologies LLC raised its stake in shares of M/I Homes by 225.3% during the 1st quarter. Quantamental Technologies LLC now owns 2,599 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,800 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of M/I Homes by 3,653.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,781 shares of the construction company’s stock worth $154,000 after acquiring an additional 5,627 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
M/I Homes Company Profile
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.
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