Inspire Investing LLC Grows Position in M/I Homes, Inc. (NYSE:MHO)

Inspire Investing LLC increased its position in M/I Homes, Inc. (NYSE:MHO) by 94.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,417 shares of the construction company’s stock after purchasing an additional 2,630 shares during the period. Inspire Investing LLC’s holdings in M/I Homes were worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of M/I Homes in the 4th quarter worth about $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in M/I Homes in the fourth quarter worth about $29,000. USA Financial Formulas increased its stake in shares of M/I Homes by 578.1% during the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of M/I Homes during the first quarter valued at approximately $68,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of M/I Homes by 28.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock worth $69,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of analyst reports. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Wedbush restated a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

M/I Homes Stock Up 8.3 %

Shares of M/I Homes stock opened at $148.88 on Wednesday. The company has a 50-day simple moving average of $124.40 and a two-hundred day simple moving average of $124.80. M/I Homes, Inc. has a 52-week low of $74.79 and a 52-week high of $149.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The stock has a market capitalization of $4.13 billion, a PE ratio of 8.57 and a beta of 2.23.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, analysts anticipate that M/I Homes, Inc. will post 18.18 EPS for the current fiscal year.

Insider Transactions at M/I Homes

In related news, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at $15,000,022. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $15,000,022. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now directly owns 3,609 shares of the company’s stock, valued at approximately $440,298. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

M/I Homes Company 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.