M/I Homes, Inc. $MHO Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 21.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,700 shares of the construction company’s stock after selling 15,800 shares during the period. Strs Ohio owned approximately 0.22% of M/I Homes worth $6,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hilton Head Capital Partners LLC purchased a new stake in M/I Homes during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC increased its holdings in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the 4th quarter valued at approximately $49,000. CIBC Private Wealth Group LLC boosted its stake in shares of M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after acquiring an additional 166 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after acquiring an additional 458 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

M/I Homes Stock Performance

M/I Homes stock opened at $157.01 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. The stock has a fifty day moving average of $138.61 and a two-hundred day moving average of $134.48. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 11.82 and a beta of 1.60. M/I Homes, Inc. has a fifty-two week low of $110.94 and a fifty-two week high of $163.66.

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

M/I Homes 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.