American Century Companies Inc. Has $135.28 Million Stock Holdings in M/I Homes, Inc. $MHO

American Century Companies Inc. lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 10.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 936,597 shares of the construction company’s stock after buying an additional 91,732 shares during the period. American Century Companies Inc. owned about 3.58% of M/I Homes worth $135,282,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Salomon & Ludwin LLC acquired a new position in M/I Homes during the third quarter worth about $28,000. Jones Financial Companies Lllp increased its position in M/I Homes by 73.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Private Trust Co. NA acquired a new stake in M/I Homes in the third quarter valued at approximately $38,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in M/I Homes by 58.6% in the second quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company’s stock valued at $52,000 after buying an additional 170 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Susan E. Krohne sold 491 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $72,078.80. Following the sale, the insider owned 8,771 shares in the company, valued at $1,287,582.80. This represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the sale, the chief financial officer directly owned 45,815 shares of the company’s stock, valued at $6,725,642. This represents a 15.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 49,213 shares of company stock worth $7,115,268. Company insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

NYSE:MHO opened at $142.10 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.86 and a current ratio of 8.12. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $158.92. The company has a 50 day simple moving average of $136.45 and a two-hundred day simple moving average of $137.64. The company has a market capitalization of $3.66 billion, a PE ratio of 9.66 and a beta of 1.77.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $4.71 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on MHO shares. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. Oppenheimer set a $165.00 price target on M/I Homes in a report on Friday, January 30th. Finally, Citizens Jmp began coverage on M/I Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.67.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.