Junto Capital Management LP Has $54.40 Million Position in M/I Homes, Inc. $MHO

Junto Capital Management LP boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,298 shares of the construction company’s stock after acquiring an additional 10,047 shares during the quarter. Junto Capital Management LP’s holdings in M/I Homes were worth $54,395,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC bought a new stake in shares of M/I Homes in the 2nd quarter valued at approximately $1,976,000. Empowered Funds LLC bought a new position in shares of M/I Homes during the 2nd quarter worth approximately $1,969,000. Militia Capital Management LLC acquired a new stake in M/I Homes in the 1st quarter valued at $2,816,000. California State Teachers Retirement System boosted its stake in M/I Homes by 28.3% in the 1st quarter. California State Teachers Retirement System now owns 32,103 shares of the construction company’s stock valued at $3,931,000 after buying an additional 7,086 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in M/I Homes by 5,254.6% in the first quarter. Fifth Third Bancorp now owns 10,495 shares of the construction company’s stock valued at $1,285,000 after acquiring an additional 10,299 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at M/I Homes

In other news, CFO Phillip Creek sold 10,000 shares of M/I Homes stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total value of $1,512,800.00. Following the completion of the sale, the chief financial officer directly owned 30,918 shares of the company’s stock, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

M/I Homes Price Performance

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

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.01. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $4.42 EPS. M/I Homes’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that M/I Homes, Inc. will post 12.62 earnings per share for the current fiscal year.

About M/I Homes

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.