Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in M/I Homes, Inc. (NYSE:MHO)

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 15.3% in the fourth quarter, HoldingsChannel reports. The fund owned 23,550 shares of the construction company’s stock after purchasing an additional 3,126 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in M/I Homes were worth $3,131,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new stake in shares of M/I Homes during the 3rd quarter valued at $86,000. FMR LLC increased its position in M/I Homes by 41.4% during the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company’s stock valued at $16,589,000 after buying an additional 28,355 shares in the last quarter. BNP Paribas Financial Markets raised its stake in M/I Homes by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock valued at $3,501,000 after buying an additional 887 shares during the last quarter. Townsquare Capital LLC boosted its holdings in M/I Homes by 35.2% in the third quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company’s stock worth $417,000 after acquiring an additional 634 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of M/I Homes during the third quarter worth about $1,388,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MHO has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, 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 note on Thursday, January 30th.

M/I Homes Stock Performance

MHO opened at $114.12 on Tuesday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The firm has a 50 day moving average of $120.81 and a two-hundred day moving average of $142.76. The firm has a market capitalization of $3.09 billion, a PE ratio of 5.79 and a beta of 2.31.

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

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.