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

Dynamic Technology Lab Private Ltd decreased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 67.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,990 shares of the construction company’s stock after selling 12,310 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in M/I Homes were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in shares of M/I Homes during the third quarter worth approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares during the last quarter. Private Trust Co. NA bought a new position in M/I Homes during the third quarter worth $38,000. Finally, Nomura Asset Management Co. Ltd. increased its position in M/I Homes by 58.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company’s stock worth $52,000 after acquiring an additional 170 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Down 1.1%

Shares of MHO stock opened at $134.18 on Tuesday. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $158.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.12 and a quick ratio of 1.86. The stock has a fifty day moving average price of $137.77 and a 200 day moving average price of $137.56. The stock has a market cap of $3.46 billion, a P/E ratio of 9.12 and a beta of 1.77.

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

M/I Homes announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 12th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Activity

In other M/I Homes news, insider Susan E. Krohne sold 491 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction of $72,078.80. Following the completion of the transaction, the insider owned 8,771 shares in the company, valued at $1,287,582.80. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Phillip G. Creek sold 8,616 shares of M/I Homes stock in a transaction that occurred 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 sale, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. The trade was a 15.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 49,213 shares of company stock worth $7,115,268. Corporate insiders own 3.70% of the company’s stock.

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.