Allspring Global Investments Holdings LLC Has $880,000 Holdings in M/I Homes, Inc. (NYSE:MHO)

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

Several other institutional investors have also made changes to their positions in the stock. Diversified Trust Co acquired a new stake in shares of M/I Homes during the first quarter worth approximately $210,000. Exchange Traded Concepts LLC lifted its stake in M/I Homes by 30.1% in the first quarter. Exchange Traded Concepts LLC now owns 8,568 shares of the construction company's stock valued at $978,000 after acquiring an additional 1,981 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 acquiring an additional 763 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in M/I Homes by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock valued at $736,000 after acquiring an additional 114 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in 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 acquiring an additional 105 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $0.15 during trading on Friday, reaching $121.18. The stock had a trading volume of 469,964 shares, compared to its average volume of 287,781. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.41 and a beta of 1.64. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $110.36 and a two-hundred day simple moving average of $116.36.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The firm had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $4.78 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, analysts anticipate 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.