Vanguard Group Inc. Has $300.37 Million Stake in M/I Homes, Inc. $MHO

Vanguard Group Inc. trimmed its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,630,691 shares of the construction company's stock after selling 8,851 shares during the period. Vanguard Group Inc. owned 9.82% of M/I Homes worth $300,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in M/I Homes by 2.6% in the first quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company's stock valued at $16,519,000 after acquiring an additional 3,698 shares during the period. GAMMA Investing LLC raised its holdings in M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock worth $105,000 after purchasing an additional 336 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of M/I Homes by 17.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company's stock valued at $594,000 after buying an additional 763 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of M/I Homes by 44.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company's stock valued at $880,000 after buying an additional 2,363 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of 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 in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Trading Up 6.6%

NYSE MHO traded up $9.0990 during trading hours on Friday, hitting $147.8690. The company's stock had a trading volume of 44,666 shares, compared to its average volume of 282,874. The stock has a fifty day moving average of $121.11 and a 200 day moving average of $115.39. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The firm has a market capitalization of $3.96 billion, a P/E ratio of 8.13 and a beta of 1.60. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32.

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 for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company's revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on MHO shares. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Raymond James Financial decreased their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, M/I Homes 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.