Petrus Trust Company LTA Makes New $1.04 Million Investment in M/I Homes, Inc. $MHO

Key Points

• Petrus Trust Company LTA acquired a new stake in M/I Homes, Inc. during the 1st quarter, purchasing 9,109 shares valued at approximately $1,040,000.
• Institutional investors hold a significant majority of M/I Homes, owning 95.14% of the company's stock.
• Despite a revenue increase of 4.8% year-over-year, M/I Homes reported earnings per share of $4.42, slightly below the consensus estimate.

Petrus Trust Company LTA acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,109 shares of the construction company's stock, valued at approximately $1,040,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Xponance Inc. raised its stake in M/I Homes by 5.0% during the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company's stock valued at $231,000 after purchasing an additional 97 shares during the last quarter. Fifth Third Bancorp increased its position in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after purchasing an additional 105 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of M/I Homes by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock valued at $736,000 after purchasing an additional 114 shares in the last quarter. Journey Strategic Wealth LLC lifted its position 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 worth $309,000 after purchasing an additional 125 shares during the period. Finally, CW Advisors LLC boosted its stake in M/I Homes by 1.1% during the first quarter. CW Advisors LLC now owns 16,121 shares of the construction company's stock worth $1,841,000 after buying an additional 171 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MHO has been the topic of a number of recent research reports. Zacks Research raised M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $162.50.

M/I Homes Trading Up 3.7%

NYSE MHO traded up $5.56 on Thursday, reaching $156.96. The company had a trading volume of 321,411 shares, compared to its average volume of 282,522. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The stock's 50 day moving average is $132.21 and its 200-day moving average is $118.39. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 8.62 and a beta of 1.66.

M/I Homes (NYSE:MHO - Get Free Report) last posted 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). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.M/I Homes's revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes Profile

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.