Principal Financial Group Inc. Has $16.52 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Principal Financial Group Inc. lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,678 shares of the construction company's stock after purchasing an additional 3,698 shares during the period. Principal Financial Group Inc. owned 0.53% of M/I Homes worth $16,519,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fifth Third Bancorp raised 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 worth $43,000 after purchasing an additional 105 shares during the period. Aster Capital Management DIFC Ltd bought a new position in M/I Homes in the fourth quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the fourth quarter valued at approximately $70,000. Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes in the fourth quarter valued at approximately $80,000. Finally, GAMMA Investing LLC lifted its position in shares of 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 buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MHO shares. Raymond James Financial dropped their price target on 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. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

M/I Homes Price Performance

MHO stock traded up $0.15 during midday trading on Friday, reaching $121.18. 469,964 shares of the stock were exchanged, compared to its average volume of 287,427. The stock has a market capitalization of $3.25 billion, a PE ratio of 6.41 and a beta of 1.64. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.43 and a quick ratio of 1.79. The company has a fifty day moving average price of $110.36 and a 200 day moving average price of $116.36.

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