Dimensional Fund Advisors LP Has $152 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Dimensional Fund Advisors LP decreased its position in M/I Homes, Inc. (NYSE:MHO) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,244,485 shares of the construction company’s stock after selling 87,245 shares during the period. Dimensional Fund Advisors LP owned about 4.48% of M/I Homes worth $151,999,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MHO. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of M/I Homes during the 1st quarter valued at about $4,281,000. Assenagon Asset Management S.A. boosted its holdings in M/I Homes by 42.0% during the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock valued at $6,775,000 after purchasing an additional 16,413 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of M/I Homes by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock valued at $283,313,000 after purchasing an additional 95,437 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of M/I Homes by 137.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company’s stock worth $1,638,000 after buying an additional 6,950 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of M/I Homes during the 1st quarter worth approximately $776,000. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MHO shares. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Price Performance

Shares of MHO stock opened at $169.58 on Friday. M/I Homes, Inc. has a 1 year low of $74.79 and a 1 year high of $173.86. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $155.23 and its 200-day moving average is $134.44. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 9.76 and a beta of 2.23.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $4.12 earnings per share. Sell-side analysts forecast that M/I Homes, Inc. will post 19.76 EPS for the current fiscal year.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value of $347,024.68. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $20,424,620.12. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

M/I Homes 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.