State of Wyoming Purchases Shares of 5,726 M/I Homes, Inc. $MHO

State of Wyoming acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,726 shares of the construction company’s stock, valued at approximately $921,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in shares of M/I Homes during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes in the 4th quarter valued at $49,000. Versant Capital Management Inc grew its holdings in M/I Homes by 133.7% in the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock valued at $66,000 after buying an additional 234 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Down 1.4%

MHO opened at $152.03 on Friday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 12.80 and a beta of 1.60. The company has a quick ratio of 1.69, a current ratio of 7.65 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a twelve month low of $116.78 and a twelve month high of $163.66. The company has a 50-day simple moving average of $149.58 and a 200 day simple moving average of $138.09.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, beating the consensus estimate of $3.13 by $0.01. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $4.42 EPS. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts predict that M/I Homes, Inc. will post 12.62 EPS for the current fiscal year.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $149.56, for a total transaction of $2,991,200.00. Following the completion of the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at $4,624,096.08. The trade was a 39.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MHO shares. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. New Street Research set a $172.00 price objective on shares of M/I Homes in a research note on Tuesday, August 4th. Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, M/I Homes currently has an average rating of “Moderate Buy” and an average price target of $164.25.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.