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

Principal Financial Group Inc. raised its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,980 shares of the construction company's stock after purchasing an additional 4,162 shares during the period. Principal Financial Group Inc. owned 0.51% of M/I Homes worth $18,743,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hennessy Advisors Inc. acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $43,674,000. Vision Capital Corp acquired a new position in shares of M/I Homes in the third quarter worth $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of M/I Homes by 129.5% in 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 acquiring an additional 70,278 shares in the last quarter. Royce & Associates LP boosted its stake in shares of M/I Homes by 30.0% during the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company's stock valued at $33,057,000 after acquiring an additional 44,559 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of M/I Homes by 45.7% during the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after acquiring an additional 39,711 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MHO shares. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Raymond James reiterated a "strong-buy" rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Trading Up 0.0 %

Shares of MHO traded up $0.03 during mid-day trading on Friday, reaching $116.95. The company had a trading volume of 301,803 shares, compared to its average volume of 321,364. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 5.93 and a beta of 2.29. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $127.53 and a 200-day simple moving average of $148.54. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly 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 net margin of 12.51% and a return on equity of 20.20%. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal 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.