LSV Asset Management Has $3.68 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

LSV Asset Management lowered its stake in M/I Homes, Inc. (NYSE:MHO) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,100 shares of the construction company’s stock after selling 300 shares during the period. LSV Asset Management’s holdings in M/I Homes were worth $3,676,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock valued at $285,719,000 after buying an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in M/I Homes by 3.0% in the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock valued at $166,272,000 after buying an additional 35,558 shares in the last quarter. Bank of New York Mellon Corp boosted its position in M/I Homes by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock valued at $32,046,000 after buying an additional 13,782 shares in the last quarter. Basswood Capital Management L.L.C. boosted its position in M/I Homes by 6.8% in the fourth quarter. Basswood Capital Management L.L.C. now owns 259,349 shares of the construction company’s stock valued at $35,723,000 after buying an additional 16,608 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in M/I Homes by 5.7% in the first quarter. Bridgeway Capital Management LLC now owns 191,623 shares of the construction company’s stock valued at $26,116,000 after buying an additional 10,375 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

M/I Homes Price Performance

MHO stock opened at $153.52 on Thursday. The company has a fifty day moving average price of $149.15 and a 200-day moving average price of $132.38. The company has a market capitalization of $4.26 billion, a P/E ratio of 8.83 and a beta of 2.23. M/I Homes, Inc. has a 52-week low of $74.79 and a 52-week high of $173.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.52. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter last year, the firm earned $4.12 earnings per share. As a group, equities analysts expect that M/I Homes, Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MHO shares. Raymond James raised their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th.

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.