M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,550 shares of the construction company's stock after purchasing an additional 3,126 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of M/I Homes worth $3,131,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after purchasing an additional 20,055 shares in the last quarter. Geode Capital Management LLC grew its position in shares of M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock worth $124,050,000 after buying an additional 21,575 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of M/I Homes during the 4th quarter worth $43,674,000. Basswood Capital Management L.L.C. increased its stake in shares of M/I Homes by 1.8% during the third quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company's stock valued at $53,916,000 after buying an additional 5,571 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after acquiring an additional 81,964 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

M/I Homes Stock Up 4.5 %

M/I Homes stock traded up $4.91 during trading hours on Friday, reaching $114.01. The stock had a trading volume of 509,951 shares, compared to its average volume of 287,698. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 5.78 and a beta of 1.99. The business's 50 day moving average price is $118.94 and its 200-day moving average price is $141.44. M/I Homes, Inc. has a 52 week low of $105.00 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MHO. Raymond James reissued a "strong-buy" rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

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.