Inspire Investing LLC Purchases 568 Shares of M/I Homes, Inc. (NYSE:MHO)

Inspire Investing LLC boosted its position in M/I Homes, Inc. (NYSE:MHO) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,992 shares of the construction company’s stock after acquiring an additional 568 shares during the quarter. Inspire Investing LLC’s holdings in M/I Homes were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in M/I Homes in the third quarter valued at $27,000. Signaturefd LLC increased 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 last quarter. Quarry LP grew its stake in shares of M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of M/I Homes in the third quarter worth about $86,000. Finally, Private Trust Co. NA purchased a new position in shares of M/I Homes in the third quarter worth about $88,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Down 1.9 %

MHO opened at $135.46 on Wednesday. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18. The company has a market cap of $3.76 billion, a P/E ratio of 7.26 and a beta of 2.29. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $144.84 and its 200-day moving average price is $153.56.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $4.82 EPS. On average, equities analysts expect that M/I Homes, Inc. will post 19.83 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by company insiders.

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.