14,123 Shares of M/I Homes, Inc. $MHO Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,123 shares of the construction company’s stock, valued at approximately $1,908,000. VCI Wealth Management LLC owned about 0.06% of M/I Homes at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHO. Corient Private Wealth LLC lifted its stake in shares of M/I Homes by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock valued at $498,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in M/I Homes by 33.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 391 shares of the construction company’s stock valued at $48,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC boosted its holdings in M/I Homes by 4.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,222 shares of the construction company’s stock valued at $300,000 after acquiring an additional 101 shares during the period. Integrated Wealth Concepts LLC bought a new position in M/I Homes during the 2nd quarter worth approximately $26,000. Finally, SummerHaven Investment Management LLC grew its position in M/I Homes by 3.1% during the 3rd quarter. SummerHaven Investment Management LLC now owns 6,329 shares of the construction company’s stock worth $855,000 after acquiring an additional 188 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $132.53 on Tuesday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 12.60 and a beta of 1.60. The company has a 50-day moving average price of $135.88 and a 200-day moving average price of $137.72. The company has a current ratio of 7.54, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a 12 month low of $113.40 and a 12 month high of $163.66.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, October 21st. The construction company reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.55). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. M/I Homes had a return on equity of 10.12% and a net margin of 6.59%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.92 earnings per share. As a group, equities analysts anticipate that M/I Homes, Inc. will post 10.76 EPS for the current year.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip Creek sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $126.28, for a total transaction of $2,525,600.00. Following the completion of the transaction, the chief financial officer owned 30,918 shares of the company’s stock, valued at $3,904,325.04. This represents a 39.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Freedom Broker decreased their price target on M/I Homes from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Wednesday, August 12th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Zacks Research cut shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Finally, Citigroup restated a “market outperform” rating on shares of M/I Homes in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.40.

M/I Homes Company Profile

M/I Homes, Inc is a residential construction company that builds and sells single-family homes for a range of buyers, including first-time, move-up and luxury-home purchasers. Its operations include land acquisition and development, home design, construction, marketing and sales, with communities offered in suburban and metropolitan markets.

The company also provides services that support the homebuying process, including mortgage financing through M/I Financial and title-related services through its affiliated operations.