Mattson Financial Services LLC Makes New Investment in M/I Homes, Inc. $MHO

Mattson Financial Services LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,843 shares of the construction company’s stock, valued at approximately $319,000.

Several other large investors have also made changes to their positions in MHO. Xponance Inc. boosted its holdings in M/I Homes by 5.0% in the first quarter. Xponance Inc. now owns 2,019 shares of the construction company’s stock valued at $231,000 after acquiring an additional 97 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in M/I Homes by 1.3% in the second quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the construction company’s stock valued at $875,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its holdings in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after acquiring an additional 105 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in M/I Homes by 4.8% in the first quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company’s stock valued at $309,000 after acquiring an additional 125 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in M/I Homes by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 6,576 shares of the construction company’s stock valued at $737,000 after acquiring an additional 133 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MHO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a report on Wednesday, October 8th. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Finally, Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $162.50.

M/I Homes Stock Up 1.8%

Shares of NYSE MHO opened at $137.51 on Friday. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 7.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. The stock’s 50-day simple moving average is $144.52 and its 200-day simple moving average is $123.23.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.