M/I Homes, Inc. (NYSE:MHO) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA grew its position in M/I Homes, Inc. (NYSE:MHO) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,043 shares of the construction company’s stock after purchasing an additional 338 shares during the period. Congress Asset Management Co. MA owned approximately 0.17% of M/I Homes worth $6,480,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Swiss National Bank raised its position in M/I Homes by 6.8% during the 3rd quarter. Swiss National Bank now owns 61,200 shares of the construction company’s stock worth $5,143,000 after buying an additional 3,900 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of M/I Homes by 14.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,673 shares of the construction company’s stock worth $645,000 after purchasing an additional 972 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in M/I Homes by 9.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock worth $308,000 after buying an additional 302 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of M/I Homes by 1.6% in the third quarter. Texas Permanent School Fund Corp now owns 23,609 shares of the construction company’s stock worth $1,984,000 after acquiring an additional 374 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of M/I Homes by 14.4% during the 3rd quarter. Deutsche Bank AG now owns 13,370 shares of the construction company’s stock worth $1,124,000 after acquiring an additional 1,679 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

M/I Homes Trading Down 2.2 %

Shares of MHO stock opened at $123.24 on Monday. The stock’s fifty day moving average is $122.10 and its two-hundred day moving average is $124.64. 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 firm has a market capitalization of $3.42 billion, a P/E ratio of 7.09 and a beta of 2.20. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $140.73.

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

Insider Activity at M/I Homes

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

About M/I Homes

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.