State of Alaska Department of Revenue Acquires 898 Shares of M/I Homes, Inc. $MHO

State of Alaska Department of Revenue raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,972 shares of the construction company’s stock after acquiring an additional 898 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of M/I Homes worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of M/I Homes by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company’s stock valued at $16,519,000 after acquiring an additional 3,698 shares during the last quarter. GAMMA Investing LLC increased its position in shares of M/I Homes by 57.6% in the 1st 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. Wealth Enhancement Advisory Services LLC increased its position in shares of M/I Homes by 17.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company’s stock valued at $594,000 after buying an additional 763 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of M/I Homes by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company’s stock valued at $880,000 after buying an additional 2,363 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of M/I Homes by 9.3% in the 1st quarter. Intech Investment Management LLC now owns 21,970 shares of the construction company’s stock valued at $2,509,000 after buying an additional 1,861 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

MHO has been the subject of a number of recent analyst reports. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research report on Saturday, September 27th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $162.50.

M/I Homes Trading Up 0.9%

Shares of NYSE:MHO opened at $148.22 on Friday. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a market capitalization of $3.97 billion, a P/E ratio of 8.14 and a beta of 1.70. The company has a 50-day simple moving average of $142.61 and a 200 day simple moving average of $121.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) 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 analyst estimates of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

About M/I Homes

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.