Bank of New York Mellon Corp trimmed its holdings in shares of M/I Homes Inc (NYSE:MHO) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,027 shares of the construction company’s stock after selling 43,525 shares during the quarter. Bank of New York Mellon Corp owned about 1.28% of M/I Homes worth $12,571,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MHO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in M/I Homes by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,160 shares of the construction company’s stock worth $234,000 after purchasing an additional 4,619 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in M/I Homes by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 65,810 shares of the construction company’s stock worth $1,088,000 after purchasing an additional 1,093 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in M/I Homes by 6.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,945 shares of the construction company’s stock worth $2,093,000 after purchasing an additional 3,637 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of M/I Homes by 431.4% during the first quarter. BNP Paribas Arbitrage SA now owns 51,234 shares of the construction company’s stock worth $847,000 after buying an additional 41,592 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of M/I Homes by 24.0% during the first quarter. Franklin Resources Inc. now owns 1,213,257 shares of the construction company’s stock worth $20,056,000 after buying an additional 234,646 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Shares of NYSE:MHO opened at $44.65 on Wednesday. The business’s fifty day moving average price is $43.67 and its two-hundred day moving average price is $32.04. M/I Homes Inc has a fifty-two week low of $9.62 and a fifty-two week high of $48.02. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 7.78 and a beta of 2.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.54 and a quick ratio of 0.68.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.89 EPS for the quarter, topping the consensus estimate of $0.89 by $1.00. The company had revenue of $714.50 million for the quarter, compared to analysts’ expectations of $597.88 million. M/I Homes had a return on equity of 16.60% and a net margin of 6.17%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. Research analysts expect that M/I Homes Inc will post 6.33 EPS for the current fiscal year.

A number of research analysts have recently commented on MHO shares. Wedbush upped their price target on M/I Homes from $31.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. ValuEngine lowered M/I Homes from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. Zacks Investment Research upgraded M/I Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Wednesday, August 5th. JMP Securities began coverage on M/I Homes in a research note on Tuesday, July 14th. They issued a “market outperform” rating and a $47.00 target price for the company. Finally, TheStreet upgraded M/I Homes from a “c+” rating to a “b” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.67.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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