Net Worth Advisory Group Acquires New Holdings in M/I Homes, Inc. (NYSE:MHO)

Net Worth Advisory Group bought a new stake in M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,152 shares of the construction company’s stock, valued at approximately $369,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in M/I Homes by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after buying an additional 95,437 shares during the period. Renaissance Technologies LLC increased its holdings in M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after purchasing an additional 51,600 shares during the period. American Century Companies Inc. raised its position in M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in M/I Homes by 3.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock worth $166,272,000 after buying an additional 35,558 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of M/I Homes in the 1st quarter valued at about $4,281,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction dated Thursday, August 1st. The stock was 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 owns 122,951 shares in the company, valued at approximately $20,424,620.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

MHO stock opened at $174.24 on Friday. The business has a 50 day moving average of $161.17 and a 200-day moving average of $139.99. The firm has a market cap of $4.84 billion, a PE ratio of 10.03 and a beta of 2.23. M/I Homes, Inc. has a 12-month low of $74.79 and a 12-month high of $176.18. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business earned $4.12 earnings per share. As a group, sell-side analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MHO shares. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James increased their price target on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd.

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.