Dupont Capital Management Corp grew its stake in M/I Homes Inc (NYSE:MHO) by 102.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,548 shares of the construction company’s stock after purchasing an additional 13,449 shares during the quarter. Dupont Capital Management Corp’s holdings in M/I Homes were worth $913,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of MHO. Donald Smith & CO. Inc. raised its position in shares of M/I Homes by 43.4% in the third quarter. Donald Smith & CO. Inc. now owns 2,338,617 shares of the construction company’s stock valued at $62,511,000 after purchasing an additional 708,186 shares during the period. Tocqueville Asset Management L.P. bought a new position in M/I Homes in the 3rd quarter valued at approximately $4,251,000. BlackRock Inc. raised its holdings in M/I Homes by 3.3% in the 2nd quarter. BlackRock Inc. now owns 3,700,251 shares of the construction company’s stock valued at $105,640,000 after buying an additional 117,165 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in M/I Homes by 173.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 173,519 shares of the construction company’s stock valued at $4,954,000 after buying an additional 110,115 shares during the last quarter. Finally, Cortina Asset Management LLC raised its holdings in M/I Homes by 96.6% in the 3rd quarter. Cortina Asset Management LLC now owns 189,669 shares of the construction company’s stock valued at $5,070,000 after buying an additional 93,195 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.
M/I Homes Inc (NYSE:MHO) opened at $31.60 on Thursday. The company has a current ratio of 5.61, a quick ratio of 1.04 and a debt-to-equity ratio of 1.08. M/I Homes Inc has a fifty-two week low of $22.91 and a fifty-two week high of $37.41. The stock has a market cap of $876.26, a P/E ratio of 11.02 and a beta of 1.21.
A number of research analysts recently issued reports on MHO shares. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Friday, January 5th. ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. TheStreet lowered shares of M/I Homes from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. JMP Securities set a $38.00 price target on shares of M/I Homes and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Wedbush raised their price target on shares of M/I Homes from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.00.
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About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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