Teacher Retirement System of Texas Grows Stock Holdings in M/I Homes, Inc. $MHO

Teacher Retirement System of Texas lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 278.6% during the second quarter, Holdings Channel reports. The fund owned 53,379 shares of the construction company’s stock after buying an additional 39,279 shares during the quarter. Teacher Retirement System of Texas’ holdings in M/I Homes were worth $5,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC lifted its position in M/I Homes by 109.4% during the first quarter. Millennium Management LLC now owns 500,207 shares of the construction company’s stock valued at $57,114,000 after purchasing an additional 261,381 shares during the period. Donald Smith & CO. Inc. grew its position in M/I Homes by 10.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company’s stock worth $146,489,000 after purchasing an additional 118,778 shares during the period. Nuveen LLC acquired a new stake in M/I Homes during the 1st quarter worth about $11,829,000. Allianz Asset Management GmbH boosted its stake in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock worth $26,155,000 after buying an additional 100,029 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of M/I Homes by 431.3% in the first quarter. Cerity Partners LLC now owns 91,324 shares of the construction company’s stock worth $10,427,000 after buying an additional 74,136 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a report on Wednesday, October 8th. Zelman & Associates raised shares of M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Raymond James Financial lifted their target price on shares of M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $170.00.

M/I Homes Stock Up 0.9%

M/I Homes stock opened at $126.12 on Friday. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $172.23. The stock has a market capitalization of $3.30 billion, a PE ratio of 7.41 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.17 and a quick ratio of 1.52. The business has a 50 day simple moving average of $143.00 and a 200-day simple moving average of $124.75.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.23). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.16 billion. M/I Homes had a net margin of 10.56% and a return on equity of 15.72%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company 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.