Donald Smith & CO. Inc. Purchases 82,090 Shares of M/I Homes, Inc. $MHO

Donald Smith & CO. Inc. lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,463,340 shares of the construction company’s stock after acquiring an additional 82,090 shares during the period. M/I Homes accounts for about 3.5% of Donald Smith & CO. Inc.’s portfolio, making the stock its 7th largest position. Donald Smith & CO. Inc. owned approximately 5.60% of M/I Homes worth $187,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MHO. Hilton Head Capital Partners LLC acquired a new position in shares of M/I Homes during the 4th quarter valued at $28,000. Jones Financial Companies Lllp lifted its position in shares of M/I Homes by 73.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after acquiring an additional 87 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. WealthCollab LLC lifted its position in shares of M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after acquiring an additional 87 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

MHO opened at $137.48 on Thursday. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $129.13 and its two-hundred day moving average price is $132.45. M/I Homes, Inc. has a 1-year low of $103.52 and a 1-year high of $158.92. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 10.35 and a beta of 1.62.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The business had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $3.98 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts expect that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, M/I Homes has a consensus rating of “Moderate Buy” and an average target price of $161.67.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.