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

Donald Smith & CO. Inc. lifted its position in M/I Homes, Inc. (NYSE:MHO) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,463,340 shares of the construction company’s stock after acquiring an additional 82,090 shares during the quarter. M/I Homes comprises approximately 3.5% of Donald Smith & CO. Inc.’s portfolio, making the stock its 7th largest holding. Donald Smith & CO. Inc. owned approximately 0.06% of M/I Homes worth $187,234,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of M/I Homes by 6.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,993 shares of the construction company’s stock worth $511,000 after acquiring an additional 225 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in M/I Homes by 7.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 14,655 shares of the construction company’s stock valued at $1,875,000 after buying an additional 1,008 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of M/I Homes during the 4th quarter worth approximately $368,000. Cerity Partners LLC lifted its position in shares of M/I Homes by 12.8% during the 4th quarter. Cerity Partners LLC now owns 26,602 shares of the construction company’s stock worth $3,404,000 after buying an additional 3,014 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of M/I Homes by 19.6% during the 4th quarter. LPL Financial LLC now owns 4,489 shares of the construction company’s stock worth $574,000 after buying an additional 737 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

M/I Homes Price Performance

MHO opened at $137.48 on Thursday. The firm has a market cap of $3.52 billion, a P/E ratio of 10.35 and a beta of 1.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. M/I Homes, Inc. has a fifty-two week low of $103.52 and a fifty-two week high of $158.92. The firm has a 50-day moving average of $129.13 and a 200 day moving average of $132.45.

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

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.