Illinois Municipal Retirement Fund Purchases 533 Shares of M/I Homes, Inc. (NYSE:MHO)

Illinois Municipal Retirement Fund raised its position in M/I Homes, Inc. (NYSE:MHO) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,504 shares of the construction company’s stock after purchasing an additional 533 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in M/I Homes were worth $2,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MHO. Principal Securities Inc. bought a new position in shares of M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd acquired a new position in M/I Homes during the 4th quarter worth approximately $33,000. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. Private Trust Co. NA acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $88,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of M/I Homes by 240.6% in the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock valued at $181,000 after purchasing an additional 746 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MHO has been the subject of a number of analyst reports. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Raymond James reaffirmed 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.

M/I Homes Trading Up 0.0 %

NYSE MHO opened at $116.95 on Friday. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $127.19 and a 200-day moving average of $148.37. The company has a market cap of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 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, equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS 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.