M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 42.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,871 shares of the construction company’s stock after purchasing an additional 81,964 shares during the quarter. Royce & Associates LP owned about 0.99% of M/I Homes worth $36,544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Westfield Capital Management Co. LP boosted its position in shares of M/I Homes by 3.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after purchasing an additional 39,492 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after purchasing an additional 21,575 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock worth $79,182,000 after purchasing an additional 19,754 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of M/I Homes in the 4th quarter worth $43,674,000. Finally, Basswood Capital Management L.L.C. boosted its position in shares of M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock worth $53,916,000 after purchasing an additional 5,571 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $117.17 on Friday. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The business has a 50-day moving average price of $124.08 and a 200 day moving average price of $145.95. The firm has a market cap of $3.18 billion, a PE ratio of 5.94 and a beta of 2.31.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on MHO shares. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Company 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.