Nvest Financial LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Nvest Financial LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,544 shares of the construction company’s stock, valued at approximately $210,000.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC acquired a new position in M/I Homes in the 4th quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of M/I Homes during the fourth quarter worth $29,000. USA Financial Formulas grew its holdings in M/I Homes by 578.1% during the 4th quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of M/I Homes by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after purchasing an additional 110 shares in the last quarter. Finally, Strs Ohio boosted its position in M/I Homes by 300.0% in the 4th quarter. Strs Ohio now owns 1,200 shares of the construction company’s stock valued at $165,000 after buying an additional 900 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at $15,000,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total value of $1,098,000.00. Following the completion of the sale, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

M/I Homes Stock Down 0.1 %

Shares of MHO traded down $0.07 on Tuesday, hitting $117.63. The company’s stock had a trading volume of 179,598 shares, compared to its average volume of 262,745. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $140.73. The firm’s fifty day moving average price is $123.11 and its 200-day moving average price is $125.22. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 6.77 and a beta of 2.23.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th.

About M/I Homes

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.