Illinois Municipal Retirement Fund Acquires 533 Shares of M/I Homes, Inc. (NYSE:MHO)

Illinois Municipal Retirement Fund increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,504 shares of the construction company’s stock after buying an additional 533 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of M/I Homes worth $2,061,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Principal Securities Inc. acquired a new stake in M/I Homes during the 4th quarter worth $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the 4th quarter worth $33,000. Daiwa Securities Group Inc. acquired a new stake in shares of M/I Homes during the third quarter worth $86,000. Private Trust Co. NA bought a new stake in M/I Homes in the third quarter valued at about $88,000. Finally, KBC Group NV increased its holdings in M/I Homes by 60.2% in the fourth quarter. KBC Group NV now owns 1,267 shares of the construction company’s stock valued at $168,000 after purchasing an additional 476 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

MHO stock opened at $116.95 on Friday. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29. The business’s 50-day moving average price is $127.19 and its two-hundred day moving average price is $148.37.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MHO shares. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

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.