Victory Capital Management Inc. Acquires 3,925 Shares of M/I Homes, Inc. (MHO)
Victory Capital Management Inc. boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,660 shares of the construction company’s stock after buying an additional 3,925 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of M/I Homes worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Airain ltd purchased a new position in M/I Homes in the 1st quarter valued at approximately $214,000. Brookfield Asset Management Inc. purchased a new position in M/I Homes in the 1st quarter valued at approximately $3,979,000. SG Americas Securities LLC purchased a new position in M/I Homes in the 1st quarter valued at approximately $104,000. Principal Financial Group Inc. grew its stake in M/I Homes by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock valued at $4,611,000 after buying an additional 7,299 shares in the last quarter. Finally, Capstone Asset Management Co. grew its stake in M/I Homes by 3.2% in the 2nd quarter. Capstone Asset Management Co. now owns 17,213 shares of the construction company’s stock valued at $491,000 after buying an additional 530 shares in the last quarter.
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M/I Homes, Inc. (NYSE:MHO) opened at 24.65 on Monday. The company has a market capitalization of $618.81 million, a P/E ratio of 11.66 and a beta of 1.07. M/I Homes, Inc. has a one year low of $20.40 and a one year high of $29.42. The firm has a 50-day moving average of $25.45 and a 200 day moving average of $26.22.
M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $456.87 million during the quarter, compared to analysts’ expectations of $456.56 million. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities analysts forecast that M/I Homes, Inc. will post $3.00 EPS for the current fiscal year.
A number of research firms recently weighed in on MHO. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday. BidaskClub downgraded shares of M/I Homes from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. JMP Securities raised shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.33.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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