M/I Homes, Inc. (NYSE:MHO) Stock Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in M/I Homes, Inc. (NYSE:MHO) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,334 shares of the construction company’s stock after selling 365 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in M/I Homes were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in M/I Homes during the 3rd quarter valued at about $27,000. Signaturefd LLC grew its holdings in M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after acquiring an additional 71 shares during the period. Hollencrest Capital Management bought a new position in shares of M/I Homes during the 1st quarter valued at about $68,000. CWM LLC boosted its holdings in M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $151.63 on Friday. The business has a fifty day simple moving average of $162.98 and a 200 day simple moving average of $142.08. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1 year low of $81.38 and a 1 year high of $176.18. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 8.25 and a beta of 2.23.

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

Analysts Set New Price Targets

MHO has been the subject of a number of recent analyst reports. Raymond James increased their price target on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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.