M/I Homes, Inc. $MHO Holdings Boosted by CW Advisors LLC

CW Advisors LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 84.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,680 shares of the construction company’s stock after purchasing an additional 13,559 shares during the quarter. CW Advisors LLC owned approximately 0.11% of M/I Homes worth $3,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Millennium Management LLC boosted its position in M/I Homes by 109.4% during the 1st quarter. Millennium Management LLC now owns 500,207 shares of the construction company’s stock valued at $57,114,000 after purchasing an additional 261,381 shares during the period. Donald Smith & CO. Inc. lifted its stake in M/I Homes by 10.2% in the first quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company’s stock valued at $146,489,000 after buying an additional 118,778 shares during the last quarter. Nuveen LLC acquired a new position in shares of M/I Homes during the first quarter valued at $11,829,000. American Century Companies Inc. grew its position in shares of M/I Homes by 10.7% during the second quarter. American Century Companies Inc. now owns 844,865 shares of the construction company’s stock worth $94,726,000 after acquiring an additional 81,838 shares during the last quarter. Finally, Voss Capital LP bought a new position in shares of M/I Homes during the first quarter worth about $4,838,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

M/I Homes Trading Down 0.7%

M/I Homes stock opened at $133.51 on Friday. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $163.66. The stock has a market capitalization of $3.49 billion, a PE ratio of 7.84 and a beta of 1.72. The firm has a 50 day simple moving average of $133.25 and a 200-day simple moving average of $128.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.15 and a quick ratio of 1.59.

M/I Homes (NYSE:MHO) last released its 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 return on equity of 15.72% and a net margin of 10.56%.The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes announced that its board has approved a share repurchase program on Wednesday, November 12th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.