Dimensional Fund Advisors LP Trims Stock Holdings in M/I Homes, Inc. $MHO

Key Points

• Dimensional Fund Advisors LP reduced its stake in M/I Homes, Inc. by 3.8% in Q1, owning 1,136,361 shares valued at approximately $129.7 million after selling 44,308 shares during the quarter.
• M/I Homes reported $4.42 EPS for the most recent quarter, slightly missing analysts' expectations, while revenue increased by 4.8% year-over-year to $1.16 billion.
• Institutional investors currently own 95.14% of M/I Homes stock, indicating strong interest from large financial entities.

Dimensional Fund Advisors LP reduced its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,361 shares of the construction company's stock after selling 44,308 shares during the period. Dimensional Fund Advisors LP owned 4.24% of M/I Homes worth $129,747,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after purchasing an additional 105 shares in the last quarter. Covestor Ltd lifted its position in shares of M/I Homes by 134.8% during the first quarter. Covestor Ltd now owns 655 shares of the construction company's stock valued at $75,000 after purchasing an additional 376 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after purchasing an additional 336 shares in the last quarter. National Bank of Canada FI lifted its position in shares of M/I Homes by 36.1% during the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company's stock valued at $133,000 after purchasing an additional 309 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of M/I Homes during the fourth quarter valued at about $162,000. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on MHO shares. Raymond James Financial dropped their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research 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, Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Two investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $162.50.

M/I Homes Stock Performance

NYSE MHO traded up $0.72 during trading hours on Wednesday, reaching $146.06. 203,607 shares of the company were exchanged, compared to its average volume of 307,688. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The business's 50 day simple moving average is $124.33 and its 200-day simple moving average is $116.12. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.91 billion, a P/E ratio of 8.02 and a beta of 1.60.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.12 billion. The business's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes Company 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.