Round Hill Asset Management cut its position in shares of M/I Homes, Inc. (NYSE:MHO) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,285 shares of the construction company’s stock after selling 1,300 shares during the quarter. Round Hill Asset Management owned about 0.06% of M/I Homes worth $408,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of M/I Homes by 3.3% during the second quarter. BlackRock Inc. now owns 3,700,251 shares of the construction company’s stock valued at $105,640,000 after purchasing an additional 117,165 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of M/I Homes by 4.8% during the first quarter. Donald Smith & CO. Inc. now owns 1,512,307 shares of the construction company’s stock valued at $37,052,000 after purchasing an additional 69,733 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of M/I Homes by 16.9% during the first quarter. Vanguard Group Inc. now owns 1,354,514 shares of the construction company’s stock valued at $33,185,000 after purchasing an additional 195,533 shares in the last quarter. State Street Corp boosted its position in shares of M/I Homes by 1.6% during the first quarter. State Street Corp now owns 726,435 shares of the construction company’s stock valued at $17,797,000 after purchasing an additional 11,747 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of M/I Homes by 11.9% during the second quarter. Royce & Associates LP now owns 577,500 shares of the construction company’s stock valued at $16,488,000 after purchasing an additional 61,400 shares in the last quarter.
Several equities research analysts recently weighed in on the company. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered M/I Homes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, JMP Securities upgraded M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.33.
M/I Homes, Inc. (MHO) traded down 0.12% during midday trading on Friday, reaching $24.88. The company’s stock had a trading volume of 133,928 shares. The firm has a 50 day moving average price of $25.18 and a 200-day moving average price of $26.25. The company has a market cap of $624.59 million, a P/E ratio of 11.77 and a beta of 1.07. M/I Homes, Inc. has a 12-month low of $20.40 and a 12-month high of $29.42.
M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. The business had revenue of $456.87 million for the quarter, compared to the consensus estimate of $456.56 million. During the same period last year, the business posted $0.52 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts predict that M/I Homes, Inc. will post $3.00 earnings per share for the current fiscal year.
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M/I Homes Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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