Franklin Resources Inc. Has $91.40 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Franklin Resources Inc. boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 687,488 shares of the construction company’s stock after acquiring an additional 15,685 shares during the period. Franklin Resources Inc. owned approximately 2.48% of M/I Homes worth $91,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in M/I Homes during the 4th quarter worth approximately $33,000. Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the fourth quarter valued at approximately $70,000. Jones Financial Companies Lllp acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $80,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock worth $88,000 after acquiring an additional 493 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Stock Up 1.1 %

Shares of MHO stock opened at $115.62 on Thursday. The firm’s fifty day moving average price is $119.91 and its two-hundred day moving average price is $142.21. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.13 billion, a P/E ratio of 5.87 and a beta of 2.31.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MHO shares. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reissued a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

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.