State of New Jersey Common Pension Fund D Buys 1,060 Shares of M/I Homes, Inc. $MHO

State of New Jersey Common Pension Fund D raised its stake in M/I Homes, Inc. (NYSE:MHO) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,718 shares of the construction company’s stock after purchasing an additional 1,060 shares during the period. State of New Jersey Common Pension Fund D’s holdings in M/I Homes were worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MHO. GAMMA Investing LLC boosted its holdings in M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after purchasing an additional 336 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in M/I Homes by 17.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company’s stock valued at $594,000 after purchasing an additional 763 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in M/I Homes by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company’s stock valued at $880,000 after purchasing an additional 2,363 shares during the period. Principal Financial Group Inc. raised its stake in shares of M/I Homes by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company’s stock valued at $16,519,000 after buying an additional 3,698 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of M/I Homes by 42.8% in the 1st quarter. World Investment Advisors now owns 2,180 shares of the construction company’s stock valued at $249,000 after buying an additional 653 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Trading Up 0.9%

Shares of M/I Homes stock opened at $126.12 on Friday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 7.41 and a beta of 1.70. The company has a quick ratio of 1.52, a current ratio of 7.17 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $143.00 and a 200 day simple moving average of $124.75. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $172.23.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $4.14 earnings per share for the quarter, missing the consensus estimate of $4.37 by ($0.23). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a net margin of 10.56% and a return on equity of 15.72%. The business’s revenue was down 1.4% on a year-over-year basis. Research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Raymond James Financial increased their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $170.00.

M/I Homes Profile

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.