9,200 Shares in M/I Homes, Inc. (NYSE:MHO) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,200 shares of the construction company’s stock, valued at approximately $1,124,000.

Several other hedge funds have also bought and sold shares of MHO. Signaturefd LLC lifted its holdings in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. Bay Rivers Group raised its stake in M/I Homes by 1.7% during the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after buying an additional 75 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in M/I Homes by 28.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after buying an additional 110 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in M/I Homes by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company’s stock worth $1,025,000 after acquiring an additional 123 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of M/I Homes by 1.5% in the second quarter. Belpointe Asset Management LLC now owns 8,506 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

M/I Homes Price Performance

MHO opened at $170.09 on Friday. The company’s 50-day simple moving average is $156.85 and its two-hundred day simple moving average is $135.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62. The stock has a market capitalization of $4.72 billion, a P/E ratio of 9.79 and a beta of 2.23. M/I Homes, Inc. has a 52-week low of $74.79 and a 52-week high of $173.86.

M/I Homes (NYSE:MHO) last issued its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.52. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter last year, the company posted $4.12 earnings per share. As a group, analysts predict that M/I Homes, Inc. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

MHO has been the topic of several analyst reports. Raymond James upped their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th.

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.