Royce & Associates LP Purchases 16,445 Shares of M/I Homes, Inc. $MHO

Royce & Associates LP grew its position in M/I Homes, Inc. (NYSE:MHO) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,606 shares of the construction company’s stock after purchasing an additional 16,445 shares during the quarter. Royce & Associates LP owned approximately 1.25% of M/I Homes worth $41,789,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MHO. Royal Bank of Canada boosted its stake in shares of M/I Homes by 46.3% in the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock valued at $3,400,000 after purchasing an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of M/I Homes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after purchasing an additional 703 shares during the last quarter. United Services Automobile Association bought a new stake in shares of M/I Homes in the 1st quarter valued at $205,000. Strs Ohio bought a new stake in shares of M/I Homes in the 1st quarter valued at $114,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Up 0.1%

M/I Homes stock opened at $129.92 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30. M/I Homes, Inc. has a 12-month low of $103.52 and a 12-month high of $158.92. The firm’s fifty day moving average is $126.12 and its 200 day moving average is $131.70. The company has a market capitalization of $3.32 billion, a PE ratio of 9.78 and a beta of 1.65.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $3.98 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts predict that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MHO shares. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Oppenheimer set a $165.00 target price on shares of M/I Homes in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes 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.