American Century Companies Inc. Acquires 81,838 Shares of M/I Homes, Inc. $MHO

American Century Companies Inc. lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 844,865 shares of the construction company’s stock after buying an additional 81,838 shares during the quarter. American Century Companies Inc. owned approximately 3.15% of M/I Homes worth $94,726,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Nordea Investment Management AB lifted its position in shares of M/I Homes by 0.3% during the second quarter. Nordea Investment Management AB now owns 86,704 shares of the construction company’s stock worth $9,712,000 after purchasing an additional 235 shares during the last quarter. Intech Investment Management LLC increased its stake in 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 worth $2,509,000 after buying an additional 1,861 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in M/I Homes by 29.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,652 shares of the construction company’s stock valued at $858,000 after buying an additional 1,750 shares in the last quarter. Gradient Investments LLC bought a new stake in M/I Homes during the 2nd quarter valued at about $1,855,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in M/I Homes by 27.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,265 shares of the construction company’s stock valued at $259,000 after buying an additional 484 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Raymond James Financial raised their price objective on M/I Homes from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research report on Wednesday, October 8th. Finally, Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $155.00.

M/I Homes Price Performance

MHO opened at $137.16 on Wednesday. The firm has a market capitalization of $3.59 billion, a PE ratio of 8.05 and a beta of 1.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.17 and a quick ratio of 1.52. The business’s 50-day moving average is $134.86 and its two-hundred day moving average is $127.61. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $169.51.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.45). M/I Homes had a net margin of 10.56% and a return on equity of 15.72%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes declared that its board has initiated a stock buyback program on Wednesday, November 12th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.