Allspring Global Investments Holdings LLC Increases Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Allspring Global Investments Holdings LLC grew its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,707 shares of the construction company's stock after buying an additional 2,363 shares during the period. Allspring Global Investments Holdings LLC's holdings in M/I Homes were worth $880,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of M/I Homes by 38.3% during the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after purchasing an additional 105 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of M/I Homes during the 4th quarter worth $50,000. Steward Partners Investment Advisory LLC purchased a new stake in M/I Homes in the fourth quarter valued at $70,000. Jones Financial Companies Lllp purchased a new stake in M/I Homes in the fourth quarter valued at $80,000. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Price Performance

MHO traded up $0.15 on Friday, hitting $121.18. 469,964 shares of the company were exchanged, compared to its average volume of 287,427. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 7.43. The business's fifty day moving average is $110.36 and its 200 day moving average is $116.36. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The firm has a market capitalization of $3.25 billion, a P/E ratio of 6.41 and a beta of 1.64.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. The company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company posted $4.78 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

MHO has been the subject of a number of research reports. Raymond James Financial reduced their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.