Illinois Municipal Retirement Fund Purchases 471 Shares of M/I Homes, Inc. (NYSE:MHO)

Illinois Municipal Retirement Fund lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,029 shares of the construction company’s stock after buying an additional 471 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of M/I Homes worth $2,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MHO. American Century Companies Inc. raised its holdings in M/I Homes by 27.0% in the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock worth $40,412,000 after purchasing an additional 102,358 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in M/I Homes during the 3rd quarter valued at approximately $258,000. Vanguard Group Inc. grew its holdings in shares of M/I Homes by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after acquiring an additional 43,417 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of M/I Homes by 670.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,363 shares of the construction company’s stock worth $703,000 after acquiring an additional 7,278 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of M/I Homes by 2.6% in the 4th quarter. Diversified Trust Co now owns 14,219 shares of the construction company’s stock valued at $1,959,000 after purchasing an additional 366 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert H. Schottenstein sold 19,200 shares of the company’s 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 sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Susan E. Krohne sold 9,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were 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 owns 3,609 shares in the company, valued at approximately $440,298. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 owns 122,951 shares of the company’s stock, valued at $15,000,022. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $2.46 during trading on Friday, hitting $136.06. The company’s stock had a trading volume of 199,420 shares, compared to its average volume of 245,312. The company has a 50-day moving average of $123.61 and a 200-day moving average of $124.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 7.83 and a beta of 2.23. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $140.73.

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

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.