Dynamic Technology Lab Private Ltd Has $1.56 Million Stock Holdings in M/I Homes, Inc. $MHO

Dynamic Technology Lab Private Ltd raised its stake in M/I Homes, Inc. (NYSE:MHO) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,626 shares of the construction company’s stock after buying an additional 566 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.05% of M/I Homes worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MHO. Fifth Third Bancorp lifted its stake in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after buying an additional 105 shares during the period. Covestor Ltd lifted its stake in M/I Homes by 134.8% in the first quarter. Covestor Ltd now owns 655 shares of the construction company’s stock valued at $75,000 after buying an additional 376 shares during the period. GAMMA Investing LLC lifted its stake in M/I Homes by 57.6% in the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after buying an additional 336 shares during the period. National Bank of Canada FI lifted its stake in M/I Homes by 36.1% in the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock valued at $133,000 after buying an additional 309 shares during the period. Finally, CWM LLC lifted its stake in M/I Homes by 75.2% in the first quarter. CWM LLC now owns 1,284 shares of the construction company’s stock valued at $147,000 after buying an additional 551 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Up 2.0%

Shares of M/I Homes stock opened at $156.97 on Friday. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The business has a 50-day moving average of $129.91 and a two-hundred day moving average of $117.65. The company has a market capitalization of $4.20 billion, a P/E ratio of 8.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Zacks Research raised M/I Homes to a “strong sell” rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus 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.