M/I Homes, Inc. (NYSE:MHO) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in M/I Homes, Inc. (NYSE:MHO) by 43.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,100 shares of the construction company’s stock after selling 10,800 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of M/I Homes worth $1,610,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MHO. Fifth Third Bancorp raised its position in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the fourth quarter valued at $50,000. Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes in the fourth quarter valued at $70,000. Jones Financial Companies Lllp purchased a new position in shares of M/I Homes in the fourth quarter valued at $80,000. Finally, GAMMA Investing LLC increased its position in shares of M/I Homes by 57.6% in the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after buying an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Up 0.1%

MHO opened at $121.18 on Friday. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.25 billion, a P/E ratio of 6.41 and a beta of 1.64. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The business’s fifty day simple moving average is $110.36 and its 200 day simple moving average is $116.36.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.78 EPS. As a group, equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James Financial dropped their price target on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 29th. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th.

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.