M/I Homes, Inc. (NYSE:MHO) Stake Boosted by Bay Rivers Group

Bay Rivers Group raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,911 shares of the construction company’s stock after purchasing an additional 128 shares during the period. Bay Rivers Group’s holdings in M/I Homes were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $27,000. Signaturefd LLC boosted its stake in M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after acquiring an additional 117 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the third quarter valued at approximately $86,000. Private Trust Co. NA acquired a new stake in shares of M/I Homes during the 3rd quarter worth approximately $88,000. Finally, Quarry LP lifted its holdings in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after purchasing an additional 333 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Performance

Shares of MHO stock opened at $138.09 on Tuesday. The business has a 50 day simple moving average of $145.17 and a 200 day simple moving average of $153.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 7.40 and a beta of 2.29. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results 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 company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $4.82 earnings per share. On average, equities research analysts anticipate that M/I Homes, Inc. will post 19.83 EPS for the current year.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

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.