M/I Homes, Inc. $MHO Shares Bought by Mattson Financial Services LLC

Mattson Financial Services LLC increased its stake in M/I Homes, Inc. (NYSE:MHO) by 233.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,182 shares of the construction company’s stock after buying an additional 6,428 shares during the period. Mattson Financial Services LLC’s holdings in M/I Homes were worth $1,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MHO. Royal Bank of Canada boosted its position in shares of M/I Homes by 46.3% in the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock valued at $3,400,000 after purchasing an additional 9,422 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of M/I Homes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock worth $1,812,000 after buying an additional 703 shares during the period. United Services Automobile Association purchased a new position in shares of M/I Homes in the first quarter worth approximately $205,000. Strs Ohio purchased a new position in shares of M/I Homes in the first quarter worth approximately $114,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of MHO opened at $142.09 on Friday. The company has a market capitalization of $3.64 billion, a PE ratio of 10.70 and a beta of 1.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. The company’s 50 day moving average price is $129.53 and its 200 day moving average price is $132.53. M/I Homes, Inc. has a 52 week low of $103.52 and a 52 week high of $158.92.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $3.98 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Research analysts expect that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Zacks Research lowered M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.