State of New Jersey Common Pension Fund D Acquires 3,001 Shares of M/I Homes, Inc. (NYSE:MHO)

State of New Jersey Common Pension Fund D increased its holdings in shares of M/I Homes, Inc. (NYSE:MHOGet Rating) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,874 shares of the construction company’s stock after acquiring an additional 3,001 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.19% of M/I Homes worth $1,916,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Rhumbline Advisers lifted its holdings in M/I Homes by 0.3% during the first quarter. Rhumbline Advisers now owns 89,475 shares of the construction company’s stock worth $3,968,000 after acquiring an additional 234 shares during the period. Corton Capital Inc. lifted its holdings in M/I Homes by 4.7% during the second quarter. Corton Capital Inc. now owns 5,351 shares of the construction company’s stock worth $212,000 after acquiring an additional 238 shares during the period. National Bank of Canada FI lifted its holdings in M/I Homes by 32.1% during the second quarter. National Bank of Canada FI now owns 1,119 shares of the construction company’s stock worth $44,000 after acquiring an additional 272 shares during the period. Great West Life Assurance Co. Can lifted its holdings in M/I Homes by 1.1% during the first quarter. Great West Life Assurance Co. Can now owns 25,510 shares of the construction company’s stock worth $1,161,000 after acquiring an additional 281 shares during the period. Finally, Bank of Montreal Can lifted its holdings in M/I Homes by 3.4% during the first quarter. Bank of Montreal Can now owns 9,524 shares of the construction company’s stock worth $451,000 after acquiring an additional 310 shares during the period. 92.42% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

Shares of MHO opened at $54.99 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 3.34 and a beta of 1.79. The stock’s fifty day moving average price is $47.07 and its two-hundred day moving average price is $44.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 0.37. M/I Homes, Inc. has a 1 year low of $34.33 and a 1 year high of $55.90.

M/I Homes (NYSE:MHOGet Rating) last issued its earnings results on Wednesday, October 26th. The construction company reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.62. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 26.75% and a net margin of 11.94%. On average, equities research analysts forecast that M/I Homes, Inc. will post 16.77 EPS for the current year.

Analyst Ratings Changes

MHO has been the topic of a number of recent analyst reports. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush lowered their target price on M/I Homes from $83.00 to $63.00 in a research note on Thursday, October 27th.

M/I Homes Profile

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M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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