Raymond James & Associates Purchases 23,372 Shares of M/I Homes, Inc. (NYSE:MHO)

Raymond James & Associates raised its position in M/I Homes, Inc. (NYSE:MHO) by 112.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 44,132 shares of the construction company’s stock after acquiring an additional 23,372 shares during the period. Raymond James & Associates owned about 0.16% of M/I Homes worth $7,562,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after purchasing an additional 51,600 shares in the last quarter. American Century Companies Inc. raised its stake in shares of M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of M/I Homes by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after purchasing an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of M/I Homes by 3.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock worth $166,272,000 after acquiring an additional 35,558 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of M/I Homes during the 1st quarter worth approximately $4,281,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Down 0.6 %

MHO stock opened at $152.60 on Thursday. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.23 billion, a PE ratio of 8.78 and a beta of 2.23. M/I Homes, Inc. has a 1-year low of $81.38 and a 1-year high of $176.18. The business’s 50 day simple moving average is $163.04 and its 200 day simple moving average is $142.02.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm posted $4.12 EPS. As a group, research analysts anticipate that M/I Homes, Inc. will post 19.76 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Raymond James boosted their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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.