KBC Group NV Grows Position in M/I Homes, Inc. (NYSE:MHO)

KBC Group NV lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 60.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,267 shares of the construction company’s stock after purchasing an additional 476 shares during the quarter. KBC Group NV’s holdings in M/I Homes were worth $168,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MHO. V Square Quantitative Management LLC purchased a new position in M/I Homes in the 3rd quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in shares of M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after acquiring an additional 117 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in M/I Homes in the third quarter worth $86,000. Private Trust Co. NA bought a new position in M/I Homes in the third quarter valued at $88,000. Finally, GAMMA Investing LLC increased its stake in M/I Homes by 90.6% in the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock valued at $104,000 after acquiring an additional 288 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MHO has been the subject of several research analyst reports. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James restated a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

M/I Homes Stock Performance

M/I Homes stock opened at $120.76 on Thursday. The firm has a fifty day simple moving average of $140.87 and a two-hundred day simple moving average of $152.81. The company has a quick ratio of 1.93, a current ratio of 7.32 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The company has a market capitalization of $3.35 billion, a PE ratio of 6.13 and a beta of 2.29.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Research analysts expect that M/I Homes, Inc. will post 18.44 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.