Franklin Resources Inc. Increases Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Franklin Resources Inc. grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 687,488 shares of the construction company's stock after acquiring an additional 15,685 shares during the period. Franklin Resources Inc. owned 2.48% of M/I Homes worth $91,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Hennessy Advisors Inc. acquired a new position in M/I Homes in the fourth quarter valued at approximately $43,674,000. Royce & Associates LP boosted its stake in M/I Homes by 42.5% during the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after acquiring an additional 81,964 shares in the last quarter. Raymond James Financial Inc. bought a new stake in M/I Homes in the fourth quarter valued at $10,672,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of M/I Homes by 129.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company's stock valued at $21,342,000 after purchasing an additional 70,278 shares during the period. Finally, Barclays PLC boosted its position in shares of M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock worth $21,690,000 after purchasing an additional 39,711 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MHO has been the subject of a number of research reports. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

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M/I Homes Stock Performance

Shares of NYSE MHO traded down $4.24 during mid-day trading on Monday, reaching $110.05. 94,861 shares of the company's stock were exchanged, compared to its average volume of 286,960. M/I Homes, Inc. has a 52 week low of $105.00 and a 52 week high of $176.18. The firm has a 50-day moving average price of $118.94 and a two-hundred day moving average price of $141.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 5.58 and a beta of 1.99.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.