Private Client Services LLC Grows Position in M/I Homes, Inc. (NYSE:MHO)

Private Client Services LLC raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 16.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,272 shares of the construction company’s stock after purchasing an additional 1,586 shares during the quarter. M/I Homes comprises about 1.0% of Private Client Services LLC’s holdings, making the stock its 27th biggest position. Private Client Services LLC’s holdings in M/I Homes were worth $1,932,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MHO. Signaturefd LLC grew its holdings in shares of M/I Homes by 42.8% in 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 period. Bay Rivers Group grew its holdings in shares of M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after purchasing an additional 75 shares during the period. Xponance Inc. grew its holdings in shares of M/I Homes by 4.9% in the second quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock valued at $210,000 after purchasing an additional 80 shares during the period. Truist Financial Corp grew its holdings in shares of M/I Homes by 1.4% in the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after purchasing an additional 87 shares during the period. Finally, SummerHaven Investment Management LLC lifted its position 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 valued at $1,025,000 after buying an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on MHO shares. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th. Raymond James upped their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd.

Insider Transactions at M/I Homes

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

M/I Homes Trading Up 0.3 %

NYSE MHO opened at $167.47 on Friday. The firm’s 50-day moving average is $158.47 and its two-hundred day moving average is $137.01. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $173.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The stock has a market capitalization of $4.65 billion, a P/E ratio of 9.64 and a beta of 2.23.

M/I Homes (NYSE:MHO) last issued its quarterly 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 business 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 in the prior year, the company earned $4.12 earnings per share. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

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.