M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,961,428 shares of the construction company's stock after buying an additional 43,417 shares during the quarter. Vanguard Group Inc. owned 7.04% of M/I Homes worth $164,838,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MHO. Strs Ohio grew its holdings in M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company's stock worth $25,000 after buying an additional 200 shares in the last quarter. Clearstead Advisors LLC grew its holdings in M/I Homes by 1,979.2% during the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company's stock worth $42,000 after buying an additional 475 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in M/I Homes during the first quarter worth $43,000. Quarry LP grew its holdings in M/I Homes by 120.9% during the first quarter. Quarry LP now owns 815 shares of the construction company's stock worth $51,000 after buying an additional 446 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in M/I Homes by 28.6% during the first quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company's stock worth $86,000 after buying an additional 433 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wedbush cut M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price objective on the stock. in a research report on Monday, December 18th. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research report on Monday, February 19th.

M/I Homes Price Performance

NYSE MHO traded down $3.98 during trading hours on Monday, hitting $132.31. The company had a trading volume of 190,405 shares, compared to its average volume of 265,323. M/I Homes, Inc. has a 52 week low of $58.93 and a 52 week high of $140.73. The firm has a 50 day simple moving average of $125.98 and a 200 day simple moving average of $111.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 8.15 and a beta of 2.13.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The business had revenue of $972.59 million during the quarter, compared to analysts' expectations of $1.19 billion. Equities research analysts expect that M/I Homes, Inc. will post 16.35 earnings per share for the current year.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the sale, the insider now owns 2,342 shares of the company's stock, valued at approximately $300,970.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.10% of the company's stock.

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.