Dalton Greiner Hartman Maher & Co. acquired a new position in M/I Homes Inc (NYSE:MHO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 85,875 shares of the construction company’s stock, valued at approximately $3,379,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of M/I Homes in the 3rd quarter worth $100,000. Simplex Trading LLC bought a new stake in shares of M/I Homes in the 3rd quarter worth $102,000. Tower Research Capital LLC TRC bought a new stake in shares of M/I Homes in the 3rd quarter worth $154,000. Public Employees Retirement System of Ohio raised its stake in shares of M/I Homes by 115.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,468 shares of the construction company’s stock worth $206,000 after buying an additional 2,933 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of M/I Homes in the 3rd quarter worth $213,000. 97.36% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on MHO shares. Wedbush boosted their price objective on M/I Homes from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Zacks Investment Research raised M/I Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Friday, January 10th. ValuEngine downgraded M/I Homes from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. TheStreet downgraded M/I Homes from a “b” rating to a “c+” rating in a research note on Wednesday, October 23rd. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.67.
Shares of M/I Homes stock opened at $44.91 on Thursday. The stock’s fifty day moving average is $42.42 and its 200-day moving average is $38.23. The firm has a market capitalization of $1.20 billion, a PE ratio of 11.14 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 5.93 and a debt-to-equity ratio of 0.91. M/I Homes Inc has a 12-month low of $23.97 and a 12-month high of $46.57.
M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.33. The company had revenue of $653.35 million for the quarter, compared to analyst estimates of $604.31 million. M/I Homes had a return on equity of 13.78% and a net margin of 4.77%. M/I Homes’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 earnings per share. Analysts expect that M/I Homes Inc will post 4.71 EPS for the current year.
M/I Homes Profile
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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