Teacher Retirement System of Texas Raises Holdings in M/I Homes, Inc. (NYSE:MHO)

Teacher Retirement System of Texas lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,900 shares of the construction company’s stock after buying an additional 1,846 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of M/I Homes worth $3,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHO. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the fourth quarter valued at about $33,000. Daiwa Securities Group Inc. purchased a new stake in M/I Homes during the third quarter worth about $86,000. Private Trust Co. NA acquired a new position in M/I Homes during the third quarter worth about $88,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of M/I Homes during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MHO. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Trading Down 2.1 %

Shares of MHO opened at $117.95 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 5.98 and a beta of 2.31. The firm has a 50 day simple moving average of $122.58 and a 200-day simple moving average of $143.89.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Equities analysts forecast 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.