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

Donald Smith & CO. Inc. cut its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,098,418 shares of the construction company's stock after selling 287,688 shares during the quarter. M/I Homes accounts for approximately 4.4% of Donald Smith & CO. Inc.'s holdings, making the stock its 3rd biggest holding. Donald Smith & CO. Inc. owned approximately 3.96% of M/I Homes worth $188,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares during the last quarter. Bay Rivers Group boosted its holdings in M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company's stock valued at $544,000 after acquiring an additional 75 shares in the last quarter. Xponance Inc. boosted its holdings in M/I Homes by 4.9% in the second quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock valued at $210,000 after acquiring an additional 80 shares in the last quarter. Truist Financial Corp boosted its holdings in M/I Homes by 1.4% in the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company's stock valued at $760,000 after acquiring an additional 87 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in M/I Homes by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company's stock valued at $366,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Up 0.8 %

M/I Homes stock traded up $1.29 during mid-day trading on Wednesday, hitting $154.74. The company's stock had a trading volume of 109,238 shares, compared to its average volume of 274,877. The company has a 50 day moving average of $163.08 and a 200-day moving average of $141.94. The stock has a market cap of $4.29 billion, a PE ratio of 8.83 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62. M/I Homes, Inc. has a one year low of $81.38 and a one year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $4.12 EPS. On average, research analysts anticipate that M/I Homes, Inc. will post 19.76 EPS for the current year.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $3,082,920.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Phillip G. Creek sold 2,767 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $20,424,620.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com lowered M/I Homes from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 18th. Raymond James upped their price target on M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd.

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.

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