M/I Homes, Inc. (NYSE:MHO) Holdings Lowered by DGS Capital Management LLC

DGS Capital Management LLC cut its stake in M/I Homes, Inc. (NYSE:MHO) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,006 shares of the construction company’s stock after selling 118 shares during the period. DGS Capital Management LLC’s holdings in M/I Homes were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Xponance Inc. lifted its position in M/I Homes by 4.9% in the second quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock worth $210,000 after purchasing an additional 80 shares during the period. Truist Financial Corp raised its stake in shares of M/I Homes by 1.4% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock worth $760,000 after buying an additional 87 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after buying an additional 90 shares during the period. Huntington National Bank boosted its stake in M/I Homes by 0.6% during the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after buying an additional 105 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after buying an additional 117 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $135.28 on Friday. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.25 and a beta of 2.29. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $145.17 and its 200 day simple moving average is $153.07.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.16. M/I Homes had a return on equity of 19.94% and a net margin of 12.54%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $4.82 EPS. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 19.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MHO shares. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

M/I Homes Profile

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.