Strs Ohio Lowers Stock Holdings in M/I Homes, Inc. $MHO

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

A number of other large investors also recently made changes to their positions in MHO. Royal Bank of Canada boosted its holdings in shares of M/I Homes by 46.3% during the first quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock worth $3,400,000 after purchasing an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in M/I Homes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock worth $1,812,000 after buying an additional 703 shares during the period. United Services Automobile Association purchased a new position in M/I Homes during the first quarter worth about $205,000. EverSource Wealth Advisors LLC boosted its stake in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after buying an additional 135 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in M/I Homes by 5.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock worth $25,668,000 after buying an additional 10,898 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $157.01 on Monday. M/I Homes, Inc. has a twelve month low of $110.94 and a twelve month high of $163.66. The stock has a market capitalization of $4.02 billion, a P/E ratio of 11.82 and a beta of 1.60. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $138.61 and its 200 day moving average price is $134.48.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The business’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. As a group, research analysts anticipate that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About M/I Homes

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.