Principal Financial Group Inc. Buys 4,162 Shares of M/I Homes, Inc. (NYSE:MHO)

Principal Financial Group Inc. increased its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,980 shares of the construction company’s stock after acquiring an additional 4,162 shares during the quarter. Principal Financial Group Inc. owned about 0.51% of M/I Homes worth $18,743,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Hennessy Advisors Inc. bought a new position in shares of M/I Homes during the 4th quarter valued at about $43,674,000. Vision Capital Corp purchased a new stake in shares of M/I Homes in the third quarter worth about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in M/I Homes by 129.5% during 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 buying an additional 70,278 shares during the last quarter. Royce & Associates LP grew its holdings in M/I Homes by 30.0% during the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock valued at $33,057,000 after buying an additional 44,559 shares in the last quarter. Finally, Barclays PLC increased its stake in M/I Homes by 45.7% in the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock worth $21,690,000 after acquiring an additional 39,711 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MHO has been the subject of a number of research reports. 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. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $155.00 to $185.00 in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $116.24 on Tuesday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 5.90 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a 50 day moving average price of $129.73 and a 200-day moving average price of $149.32. M/I Homes, Inc. has a one year low of $109.92 and a one year high of $176.18.

M/I Homes (NYSE:MHO) last issued 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 return on equity of 20.20% and a net margin of 12.51%. Equities analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.