M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Royce & Associates LP

Royce & Associates LP raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 314,362 shares of the construction company's stock after acquiring an additional 39,491 shares during the period. Royce & Associates LP owned approximately 1.17% of M/I Homes worth $35,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of 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 worth $16,519,000 after buying an additional 3,698 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $105,000 after buying an additional 336 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised 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 worth $594,000 after buying an additional 763 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $880,000 after buying an additional 2,363 shares during the last quarter. Finally, Fifth Third Bancorp raised 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 worth $43,000 after buying an additional 105 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

MHO traded up $1.38 on Monday, reaching $123.57. The stock had a trading volume of 225,374 shares, compared to its average volume of 281,212. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a current ratio of 6.95, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The business's 50-day moving average price is $111.88 and its two-hundred day moving average price is $115.22. The company has a market cap of $3.31 billion, a P/E ratio of 6.79 and a beta of 1.64.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MHO. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a report 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 report on Tuesday, April 29th.

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.