M/I Homes, Inc. $MHO Stock Holdings Lifted by Junto Capital Management LP

Junto Capital Management LP raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,298 shares of the construction company’s stock after purchasing an additional 10,047 shares during the period. Junto Capital Management LP owned 1.34% of M/I Homes worth $54,395,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP increased its holdings in M/I Homes by 46.1% in the second quarter. Engineers Gate Manager LP now owns 11,138 shares of the construction company’s stock worth $1,791,000 after buying an additional 3,517 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in M/I Homes in the second quarter worth approximately $26,000. Nykredit A S acquired a new position in shares of M/I Homes during the 2nd quarter worth $182,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of M/I Homes during the 2nd quarter valued at $289,000. Finally, California State Teachers Retirement System boosted its holdings in M/I Homes by 13,917.0% in the second quarter. California State Teachers Retirement System now owns 4,499,869 shares of the construction company’s stock worth $723,534,000 after purchasing an additional 4,467,766 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on MHO. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Zelman & Associates cut M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. New Street Research set a $172.00 price target on shares of M/I Homes in a research report on Tuesday, August 4th. Finally, Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

Insider Activity at M/I Homes

In other news, CFO Phillip Creek sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total transaction of $1,512,800.00. Following the sale, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $4,677,275.04. The trade was a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

M/I Homes Stock Down 0.7%

Shares of MHO opened at $142.35 on Thursday. The company has a 50-day simple moving average of $149.75 and a 200-day simple moving average of $139.22. The firm has a market capitalization of $3.60 billion, a P/E ratio of 11.98 and a beta of 1.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. M/I Homes, Inc. has a 52 week low of $116.78 and a 52 week high of $163.66.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.01. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $4.42 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

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.