Vanguard Group Inc. Sells 4,298 Shares of M/I Homes, Inc. $MHO

Vanguard Group Inc. decreased its position in M/I Homes, Inc. (NYSE:MHO) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,505,861 shares of the construction company’s stock after selling 4,298 shares during the quarter. Vanguard Group Inc. owned 9.58% of M/I Homes worth $320,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MHO. Royal Bank of Canada increased its stake in M/I Homes by 46.3% in the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock worth $3,400,000 after acquiring an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in M/I Homes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock worth $1,812,000 after acquiring an additional 703 shares during the last quarter. United Services Automobile Association bought a new stake in M/I Homes in the 1st quarter worth approximately $205,000. Strs Ohio purchased a new position in shares of M/I Homes in the 1st quarter worth approximately $114,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after purchasing an additional 135 shares during the period. Institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

MHO opened at $129.78 on Friday. The business has a fifty day moving average of $128.58 and a 200 day moving average of $131.94. M/I Homes, Inc. has a 52-week low of $103.52 and a 52-week high of $158.92. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.32 billion, a P/E ratio of 9.77 and a beta of 1.65.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The business had revenue of $920.71 million for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the firm earned $3.98 EPS. M/I Homes’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that M/I Homes, Inc. will post 12.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MHO shares. Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday. Oppenheimer set a $165.00 target price on M/I Homes in a report on Friday, January 30th. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, M/I Homes has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Activity at M/I Homes

In related news, insider Susan E. Krohne sold 491 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $72,078.80. Following the completion of the transaction, the insider owned 8,771 shares in the company, valued at $1,287,582.80. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert H. Schottenstein sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $144.47, for a total value of $2,889,400.00. Following the transaction, the chief executive officer owned 313,874 shares of the company’s stock, valued at approximately $45,345,376.78. The trade was a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,213 shares of company stock worth $6,443,868 in the last quarter. 3.60% of the stock is owned by company insiders.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.