Voya Investment Management LLC Grows Stock Holdings in M/I Homes, Inc. $MHO

Voya Investment Management LLC lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 34.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,159 shares of the construction company’s stock after purchasing an additional 6,396 shares during the period. Voya Investment Management LLC owned about 0.09% of M/I Homes worth $2,873,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MHO. Fifth Third Bancorp raised its stake in M/I Homes by 38.3% during the 1st 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. Covestor Ltd raised its stake in M/I Homes by 134.8% during the 1st quarter. Covestor Ltd now owns 655 shares of the construction company’s stock worth $75,000 after acquiring an additional 376 shares in the last quarter. GAMMA Investing LLC raised its stake in M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock worth $105,000 after acquiring an additional 336 shares in the last quarter. Strs Ohio acquired a new stake in M/I Homes during the 1st quarter worth $114,000. Finally, National Bank of Canada FI raised its stake in M/I Homes by 36.1% during the 1st quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock worth $133,000 after acquiring an additional 309 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of M/I Homes to a “strong sell” rating in a research note on Tuesday, August 12th. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $162.50.

M/I Homes Price Performance

Shares of MHO stock opened at $147.53 on Friday. The company has a market capitalization of $3.95 billion, a PE ratio of 8.10 and a beta of 1.66. The firm has a fifty day simple moving average of $137.19 and a 200-day simple moving average of $120.09. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The business’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate 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.