New York State Common Retirement Fund Has $2.02 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

New York State Common Retirement Fund decreased its position in M/I Homes, Inc. (NYSE:MHO) by 55.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,679 shares of the construction company’s stock after selling 18,642 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of M/I Homes worth $2,022,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MHO. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of M/I Homes by 25.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,577 shares of the construction company’s stock valued at $637,000 after purchasing an additional 1,559 shares during the period. Strs Ohio grew its position in shares of M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares during the period. TD Asset Management Inc increased its stake in shares of M/I Homes by 38.8% in the 3rd quarter. TD Asset Management Inc now owns 21,100 shares of the construction company’s stock valued at $1,773,000 after acquiring an additional 5,900 shares in the last quarter. Assetmark Inc. lifted its position in shares of M/I Homes by 4.6% during the 3rd quarter. Assetmark Inc. now owns 37,986 shares of the construction company’s stock valued at $3,192,000 after acquiring an additional 1,656 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in M/I Homes by 354.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 56,654 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 44,177 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $122.55 on Thursday. The company has a current ratio of 6.91, a quick ratio of 1.99 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $123.22 and a two-hundred day simple moving average of $118.65. The firm has a market capitalization of $3.40 billion, a PE ratio of 7.05 and a beta of 2.16. M/I Homes, Inc. has a 12 month low of $67.16 and a 12 month high of $140.73.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, topping the consensus estimate of $3.96 by $0.82. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. Analysts forecast that M/I Homes, Inc. will post 18.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MHO. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

Insiders Place Their Bets

In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the sale, the insider now directly owns 3,609 shares in the company, valued at $440,298. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 19,200 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $15,000,022. The disclosure for this sale can be found here. Insiders have sold 30,661 shares of company stock valued at $3,756,663 in the last three months. 3.70% of the stock is currently owned by insiders.

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.