Royce & Associates LP Has $41.79 Million Stock Holdings in M/I Homes, Inc. $MHO

Royce & Associates LP boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 326,606 shares of the construction company’s stock after buying an additional 16,445 shares during the period. Royce & Associates LP’s holdings in M/I Homes were worth $41,789,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in M/I Homes by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock worth $38,505,000 after buying an additional 55,206 shares during the last quarter. Capelight Capital Asset Management LP acquired a new position in M/I Homes during the fourth quarter worth $7,037,000. Segall Bryant & Hamill LLC acquired a new position in M/I Homes during the third quarter worth $3,401,000. Rafferty Asset Management LLC raised its holdings in M/I Homes by 83.2% during the third quarter. Rafferty Asset Management LLC now owns 39,831 shares of the construction company’s stock worth $5,753,000 after buying an additional 18,095 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in M/I Homes by 10.9% during the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after buying an additional 91,732 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Oppenheimer set a $165.00 target price on shares of M/I Homes in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, M/I Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Price Performance

MHO opened at $129.92 on Tuesday. The firm has a market cap of $3.32 billion, a P/E ratio of 9.78 and a beta of 1.65. The firm has a 50-day moving average of $126.12 and a 200 day moving average of $131.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. M/I Homes, Inc. has a fifty-two week low of $103.52 and a fifty-two week high of $158.92.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The business had revenue of $920.71 million for the quarter, compared to the consensus estimate of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.M/I Homes’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.98 EPS. On average, research analysts expect that M/I Homes, Inc. will post 12.6 EPS 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.