M/I Homes, Inc. (NYSE:MHO) Position Raised by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,164,189 shares of the construction company’s stock after acquiring an additional 65,771 shares during the period. M/I Homes makes up approximately 3.7% of Donald Smith & CO. Inc.’s portfolio, making the stock its 8th largest holding. Donald Smith & CO. Inc.’s holdings in M/I Homes were worth $154,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Hennessy Advisors Inc. bought a new stake in shares of M/I Homes in the fourth quarter worth approximately $43,674,000. Royce & Associates LP grew its stake in shares of M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after purchasing an additional 81,964 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of M/I Homes during the 4th quarter valued at about $10,672,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock worth $21,342,000 after purchasing an additional 70,278 shares during the period. Finally, Barclays PLC boosted its holdings in shares of M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock worth $21,690,000 after buying an additional 39,711 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $115.62 on Thursday. The stock has a market cap of $3.13 billion, a PE ratio of 5.87 and a beta of 2.31. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The firm has a fifty day moving average price of $119.91 and a 200-day moving average price of $142.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MHO. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. 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. Finally, Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

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.