Bank of Montreal Can Purchases 508 Shares of M/I Homes, Inc. (NYSE:MHO)

Bank of Montreal Can grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,423 shares of the construction company’s stock after buying an additional 508 shares during the quarter. Bank of Montreal Can’s holdings in M/I Homes were worth $721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MHO. Hennessy Advisors Inc. purchased a new stake in M/I Homes in the 4th quarter valued at about $43,674,000. Royce & Associates LP increased its holdings in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock worth $36,544,000 after purchasing an additional 81,964 shares during the period. Raymond James Financial Inc. bought a new stake in M/I Homes during the 4th quarter valued at $10,672,000. Donald Smith & CO. Inc. lifted its holdings in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock worth $154,779,000 after buying an additional 65,771 shares during the period. Finally, Barclays PLC lifted its holdings in shares of M/I Homes by 45.7% in the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock worth $21,690,000 after buying an additional 39,711 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Raymond James reissued a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Price Performance

Shares of MHO stock opened at $105.93 on Monday. The stock’s 50-day moving average is $114.64 and its 200 day moving average is $136.24. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The company has a market cap of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99.

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