Louisiana State Employees Retirement System Invests $1.42 Million in M/I Homes, Inc. $MHO

Louisiana State Employees Retirement System acquired a new stake in M/I Homes, Inc. (NYSE:MHO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,600 shares of the construction company’s stock, valued at approximately $1,420,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its holdings in M/I Homes by 5.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock valued at $187,234,000 after purchasing an additional 82,090 shares in the last quarter. State Street Corp lifted its stake in shares of M/I Homes by 2.2% during the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after buying an additional 28,187 shares during the period. Millennium Management LLC boosted its position in M/I Homes by 107.5% during the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after acquiring an additional 225,120 shares during the last quarter. Royce & Associates LP grew its stake in M/I Homes by 5.3% in the 4th quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock worth $41,789,000 after acquiring an additional 16,445 shares during the period. Finally, Invesco Ltd. raised its holdings in M/I Homes by 116.4% in the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after acquiring an additional 161,881 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MHO shares. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, M/I Homes presently has a consensus rating of “Buy” and a consensus price target of $161.67.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $157.01 on Friday. The business has a 50-day moving average of $138.14 and a two-hundred day moving average of $134.32. The firm has a market capitalization of $4.02 billion, a PE ratio of 11.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. M/I Homes, Inc. has a 12 month low of $110.94 and a 12 month high of $163.66.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm had revenue of $920.71 million during the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.98 earnings per share. As a group, research analysts forecast that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.