13,900 Shares in M/I Homes, Inc. (NYSE:MHO) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,900 shares of the construction company’s stock, valued at approximately $1,915,000.

A number of other hedge funds also recently bought and sold shares of MHO. JPMorgan Chase & Co. lifted its position in M/I Homes by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 135,328 shares of the construction company’s stock worth $6,001,000 after buying an additional 12,383 shares during the last quarter. Raymond James & Associates lifted its position in M/I Homes by 9.0% in the 1st quarter. Raymond James & Associates now owns 41,642 shares of the construction company’s stock worth $1,847,000 after buying an additional 3,425 shares during the last quarter. Bank of New York Mellon Corp lifted its position in M/I Homes by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company’s stock valued at $15,578,000 after purchasing an additional 4,106 shares during the last quarter. American Century Companies Inc. lifted its position in M/I Homes by 21.3% in the first quarter. American Century Companies Inc. now owns 42,122 shares of the construction company’s stock valued at $1,868,000 after purchasing an additional 7,390 shares during the last quarter. Finally, US Bancorp DE lifted its position in M/I Homes by 10.6% in the first quarter. US Bancorp DE now owns 3,332 shares of the construction company’s stock valued at $148,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

Insider Activity

In other news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.60% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $110.66 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. M/I Homes, Inc. has a fifty-two week low of $63.39 and a fifty-two week high of $140.73. The stock has a 50 day moving average price of $123.78 and a two-hundred day moving average price of $114.53. The company has a market capitalization of $3.07 billion, a P/E ratio of 6.81 and a beta of 2.13.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The business had revenue of $972.59 million for the quarter, compared to analysts’ expectations of $1.19 billion. Analysts expect that M/I Homes, Inc. will post 16.35 earnings per share for the current year.

M/I Homes 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.