Dynamic Technology Lab Private Ltd Has $865,000 Stock Holdings in M/I Homes, Inc. $MHO

Dynamic Technology Lab Private Ltd trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO) by 67.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,990 shares of the construction company’s stock after selling 12,310 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in M/I Homes were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MHO. Jones Financial Companies Lllp grew its stake in M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. WealthCollab LLC raised its stake in shares of M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after purchasing an additional 87 shares in the last quarter. SkyOak Wealth LLC raised its stake in shares of M/I Homes by 3.8% during the 3rd quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company’s stock worth $353,000 after purchasing an additional 90 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of M/I Homes by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company’s stock valued at $286,000 after buying an additional 93 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of M/I Homes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,925 shares of the construction company’s stock valued at $1,145,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MHO. Citizens Jmp began coverage on M/I Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 price objective on the stock. Oppenheimer set a $165.00 target price on shares of M/I Homes in a research note on Friday, January 30th. Citigroup reissued a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Insider Activity

In related news, CFO Phillip G. Creek sold 8,616 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total value of $1,264,828.80. Following the transaction, the chief financial officer directly owned 45,815 shares in the company, valued at approximately $6,725,642. This trade represents a 15.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert H. Schottenstein sold 20,000 shares of M/I Homes stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $144.47, for a total transaction of $2,889,400.00. Following the completion of the transaction, the chief executive officer owned 313,874 shares in the company, valued at $45,345,376.78. This trade represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,213 shares of company stock valued at $7,115,268 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $134.18 on Tuesday. The business’s 50-day simple moving average is $137.77 and its 200-day simple moving average is $137.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.86 and a current ratio of 8.12. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $158.92. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 9.12 and a beta of 1.77.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.71 EPS. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes announced that its board has initiated a share buyback plan on Wednesday, November 12th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the construction company to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.