Voya Investment Management LLC Buys 6,396 Shares of M/I Homes, Inc. $MHO

Key Points

• Voya Investment Management LLC increased its stake in M/I Homes by 34.1%, owning a total of 25,159 shares worth approximately $2.87 million.
• Institutional investors now hold about 95.14% of M/I Homes' stock, with various firms like Fifth Third Bancorp and Covestor Ltd significantly increasing their investments.
• M/I Homes reported earnings of $4.42 per share for the last quarter, slightly missing the consensus estimate, but their revenue increased by 4.8% compared to the previous year.

Voya Investment Management LLC grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 34.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,159 shares of the construction company's stock after acquiring an additional 6,396 shares during the period. Voya Investment Management LLC owned 0.09% of M/I Homes worth $2,873,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio acquired a new stake in M/I Homes during the 1st quarter worth about $114,000. Belpointe Asset Management LLC grew its holdings in M/I Homes by 5.4% during the 1st quarter. Belpointe Asset Management LLC now owns 9,371 shares of the construction company's stock worth $1,070,000 after acquiring an additional 483 shares during the period. Intech Investment Management LLC grew its holdings in M/I Homes by 9.3% during the 1st quarter. Intech Investment Management LLC now owns 21,970 shares of the construction company's stock worth $2,509,000 after acquiring an additional 1,861 shares during the period. United Services Automobile Association acquired a new stake in M/I Homes during the 1st quarter worth about $205,000. Finally, Caxton Associates LLP acquired a new stake in M/I Homes during the 1st quarter worth about $348,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of M/I Homes stock traded down $2.05 during mid-day trading on Tuesday, hitting $142.95. 84,601 shares of the stock were exchanged, compared to its average volume of 285,902. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. The company has a 50-day simple moving average of $137.69 and a 200 day simple moving average of $120.24. 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 company has a market capitalization of $3.83 billion, a P/E ratio of 7.85 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 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes's quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.