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

Vanguard Group Inc. cut its position in shares of M/I Homes, Inc. (NYSE:MHO) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,505,861 shares of the construction company’s stock after selling 4,298 shares during the period. Vanguard Group Inc. owned about 0.10% of M/I Homes worth $320,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas raised its position in M/I Homes by 34.8% during the 4th quarter. Teacher Retirement System of Texas now owns 51,060 shares of the construction company’s stock valued at $6,533,000 after purchasing an additional 13,189 shares in the last quarter. Ruffer LLP bought a new stake in M/I Homes during the 4th quarter valued at $2,798,000. Institute for Wealth Management LLC. bought a new stake in M/I Homes during the 4th quarter valued at $375,000. CWM LLC raised its position in M/I Homes by 7.7% during the 4th quarter. CWM LLC now owns 3,274 shares of the construction company’s stock valued at $419,000 after purchasing an additional 234 shares in the last quarter. Finally, Capelight Capital Asset Management LP bought a new stake in M/I Homes during the 4th quarter valued at $7,037,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other M/I Homes news, insider Susan E. Krohne sold 491 shares of the stock in a transaction that occurred 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 transaction, the insider owned 8,771 shares in the company, valued at approximately $1,287,582.80. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Phillip G. Creek sold 8,616 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the transaction, the chief financial officer owned 45,815 shares in the company, valued at $6,725,642. This represents a 15.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 44,213 shares of company stock worth $6,443,868. 3.60% of the stock is owned by corporate insiders.

M/I Homes Trading Down 1.4%

Shares of NYSE:MHO opened at $129.78 on Friday. The business’s 50-day moving average is $128.58 and its 200 day moving average is $131.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The firm has a market capitalization of $3.32 billion, a P/E ratio of 9.77 and a beta of 1.65. M/I Homes, Inc. has a 1 year low of $103.52 and a 1 year high of $158.92.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The firm had revenue of $920.71 million during the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.98 earnings per share. On average, research analysts predict that M/I Homes, Inc. will post 12.6 earnings per share for the current fiscal year.

About M/I Homes

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.