Dimensional Fund Advisors LP Trims Stock Position in M/I Homes, Inc. (NYSE:MHO)

Dimensional Fund Advisors LP decreased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,180,669 shares of the construction company's stock after selling 27,095 shares during the quarter. Dimensional Fund Advisors LP owned about 4.25% of M/I Homes worth $156,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in M/I Homes during the fourth quarter worth $27,000. R Squared Ltd purchased a new position in M/I Homes during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes in the 4th quarter valued at about $50,000. Steward Partners Investment Advisory LLC purchased a new stake in M/I Homes during the fourth quarter worth about $70,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of M/I Homes in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

MHO has been the subject of several recent research reports. StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James lowered their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday.

M/I Homes Stock Up 1.5 %

Shares of MHO stock traded up $1.62 on Wednesday, reaching $106.85. 280,798 shares of the stock were exchanged, compared to its average volume of 285,583. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 5.42 and a beta of 1.99. The business's 50 day moving average price is $112.75 and its 200 day moving average price is $133.47. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $4.78 earnings per share. The company's revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.