Stifel Financial Corp Sells 223 Shares of M/I Homes, Inc. (NYSE:MHO)

Stifel Financial Corp trimmed its stake in M/I Homes, Inc. (NYSE:MHO) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,340 shares of the construction company’s stock after selling 223 shares during the quarter. Stifel Financial Corp’s holdings in M/I Homes were worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Donald Smith & CO. Inc. lifted its stake in M/I Homes by 6.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock valued at $154,779,000 after purchasing an additional 65,771 shares during the last quarter. American Century Companies Inc. lifted its position in shares of M/I Homes by 2.4% during the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock valued at $113,063,000 after buying an additional 20,055 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock worth $91,402,000 after acquiring an additional 15,685 shares during the period. Hennessy Advisors Inc. purchased a new stake in M/I Homes in the 4th quarter worth about $43,674,000. Finally, Royce & Associates LP raised its stake in M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after acquiring an additional 81,964 shares during the period. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James reduced their target price on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 29th. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $107.90 on Wednesday. The company has a 50 day moving average of $112.02 and a 200 day moving average of $131.47. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.89 billion, a P/E ratio of 5.47 and a beta of 1.75. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.78 EPS. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal 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.