Oregon Public Employees Retirement Fund Sells 105 Shares of M/I Homes, Inc. (NYSE:MHO)

Oregon Public Employees Retirement Fund cut its position in M/I Homes, Inc. (NYSE:MHO) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the construction company’s stock after selling 105 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in M/I Homes were worth $849,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in shares of M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Huntington National Bank lifted its position in shares of M/I Homes by 0.6% during the 3rd quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after acquiring an additional 105 shares during the period. Bay Rivers Group lifted its position in shares of M/I Homes by 2.7% during the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock valued at $653,000 after acquiring an additional 128 shares during the period. Nvest Financial LLC lifted its position in shares of M/I Homes by 7.8% during the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock valued at $242,000 after acquiring an additional 132 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of M/I Homes by 3.1% during the 3rd quarter. Avior Wealth Management LLC now owns 4,456 shares of the construction company’s stock valued at $764,000 after acquiring an additional 134 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

M/I Homes stock opened at $116.95 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The stock has a market capitalization of $3.17 billion, a P/E ratio of 5.93 and a beta of 2.29. The stock has a fifty day moving average of $127.19 and a 200-day moving average of $148.40.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on MHO shares. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes 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.