M/I Homes, Inc. (NYSE:MHO) Stock Position Lifted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,478 shares of the construction company’s stock after purchasing an additional 1,425 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in M/I Homes were worth $1,792,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors raised its position in shares of M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after buying an additional 90 shares in the last quarter. Huntington National Bank increased its stake in shares of M/I Homes by 0.6% during the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after acquiring an additional 105 shares during the period. Signaturefd LLC raised its holdings in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after purchasing an additional 117 shares in the last quarter. Bay Rivers Group lifted its position in M/I Homes by 2.7% in the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock worth $653,000 after purchasing an additional 128 shares during the period. Finally, Nvest Financial LLC boosted its stake in M/I Homes by 7.8% during the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock valued at $242,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MHO. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Trading Up 4.1 %

M/I Homes stock opened at $120.89 on Wednesday. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 6.13 and a beta of 2.29. The company has a 50 day moving average price of $128.96 and a 200 day moving average price of $149.13.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.