Raymond James & Associates Acquires 23,372 Shares of M/I Homes, Inc. (NYSE:MHO)

Raymond James & Associates lifted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 112.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,132 shares of the construction company's stock after buying an additional 23,372 shares during the quarter. Raymond James & Associates owned approximately 0.16% of M/I Homes worth $7,562,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Bay Rivers Group raised its position in M/I Homes by 1.7% during the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company's stock valued at $544,000 after purchasing an additional 75 shares during the period. Xponance Inc. lifted its stake in shares of M/I Homes by 4.9% in the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock valued at $210,000 after purchasing an additional 80 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of M/I Homes by 1.4% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company's stock worth $760,000 after purchasing an additional 87 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in shares of M/I Homes by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company's stock valued at $1,025,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MHO shares. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd.

M/I Homes Trading Down 0.9 %

Shares of MHO stock traded down $1.37 on Thursday, reaching $151.63. 278,621 shares of the company's stock were exchanged, compared to its average volume of 276,269. The company's fifty day simple moving average is $162.98 and its 200 day simple moving average is $142.08. M/I Homes, Inc. has a 52 week low of $81.38 and a 52 week high of $176.18. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.21 billion, a PE ratio of 8.25 and a beta of 2.23.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same period last year, the company earned $4.12 earnings per share. As a group, analysts forecast that M/I Homes, Inc. will post 19.76 EPS for the current year.

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.