US Asset Management LLC Acquires New Holdings in M/I Homes, Inc. (NYSE:MHO)

US Asset Management LLC bought a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,328 shares of the construction company’s stock, valued at approximately $321,000.

A number of other institutional investors have also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes in the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $27,000. Strs Ohio lifted its holdings in shares of M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of M/I Homes by 1,979.2% during the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after buying an additional 475 shares during the period. Finally, Sawgrass Asset Management LLC bought a new position in shares of M/I Homes during the fourth quarter worth about $203,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Up 0.7 %

NYSE MHO traded up $0.90 during trading hours on Thursday, hitting $123.45. 158,229 shares of the company traded hands, compared to its average volume of 270,031. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The business’s 50-day moving average is $123.15 and its 200-day moving average is $118.68. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 7.10 and a beta of 2.16. M/I Homes, Inc. has a twelve month low of $67.51 and a twelve month high of $140.73.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating the consensus estimate of $3.96 by $0.82. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. Sell-side analysts anticipate that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MHO shares. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.

Insider Activity

In other news, CEO Robert H. Schottenstein sold 19,200 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The disclosure for this sale can be found here. Insiders sold a total of 30,661 shares of company stock valued at $3,756,663 in the last quarter. Company insiders own 3.70% of the company’s stock.

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.