M/I Homes, Inc. (NYSE:MHO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of M/I Homes, Inc. (NYSE:MHO) have received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $161.6667.

Several brokerages have weighed in on MHO. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Citizens Jmp assumed coverage on M/I Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 target price on the stock. Finally, Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 8,616 shares of M/I Homes stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $1,264,828.80. Following the sale, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. The trade was a 15.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert H. Schottenstein sold 14,974 shares of M/I Homes stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $2,198,183.20. Following the sale, the chief executive officer owned 348,513 shares in the company, valued at $51,161,708.40. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,213 shares of company stock worth $7,115,268 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds have recently made changes to their positions in MHO. Junto Capital Management LP bought a new stake in shares of M/I Homes during the 3rd quarter worth $35,871,000. Millennium Management LLC raised its stake in shares of M/I Homes by 107.5% during the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after purchasing an additional 225,120 shares during the period. Invesco Ltd. raised its stake in shares of M/I Homes by 116.4% during the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock worth $43,464,000 after purchasing an additional 161,881 shares during the period. Squarepoint Ops LLC increased its holdings in M/I Homes by 1,806.4% in the 4th quarter. Squarepoint Ops LLC now owns 114,134 shares of the construction company’s stock worth $14,603,000 after acquiring an additional 108,147 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in M/I Homes by 689.4% in the 4th quarter. Gradient Investments LLC now owns 114,773 shares of the construction company’s stock worth $14,685,000 after acquiring an additional 100,233 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $134.71 on Friday. The company has a current ratio of 7.58, a quick ratio of 1.86 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $130.65 and its two-hundred day simple moving average is $132.16. M/I Homes has a 1-year low of $102.44 and a 1-year high of $158.92. The stock has a market cap of $3.45 billion, a PE ratio of 10.14 and a beta of 1.77.

M/I Homes (NYSE:MHO) last issued 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 net margin of 8.24% and a return on equity of 12.91%. The company had revenue of $920.71 million for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $3.98 earnings per share. M/I Homes’s revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast that M/I Homes will post 13.63 EPS for the current fiscal year.

M/I Homes News Summary

Here are the key news stories impacting M/I Homes this week:

• Positive Sentiment: The company repurchased $50 million of common stock, signaling management confidence and supporting per?share metrics. PR Newswire Q1 Release
• Positive Sentiment: Shareholders’ equity and book value per share reached record levels ($3.2B and ~$125 per share), which bolsters the company’s capital position and long?term solvency. PR Newswire Q1 Release
• Positive Sentiment: New contracts increased ~3% to ~2,350 homes, indicating underlying sales demand stability in many markets despite tougher comparables. PR Newswire Q1 Release
• Neutral Sentiment: Management framed the quarter as “navigating revenue decline with strategic actions,” emphasizing margin management and community-level pricing/land decisions; the call provided context but no major guidance changes. Yahoo Finance Earnings Highlights
• Neutral Sentiment: Full transcripts and call coverage are available for deeper read on execution plans and regional dynamics. Seeking Alpha Transcript
• Negative Sentiment: Top?line weakness: revenue fell ~6% YoY to $920.7M and missed some analyst tallies (consensus cited ~ $1.18B by some outlets), pressuring margins and near?term growth expectations. Zacks: Revenue Miss
• Negative Sentiment: Profitability compressed: Q1 net income and pre?tax income declined significantly (net income $67.8M, pre?tax down ~39%), and EPS fell to $2.55 from $3.98 a year ago — a driver of downward earnings momentum. PR Newswire Q1 Release
• Negative Sentiment: Analysts and coverage noted margin strain and lower deliveries (homes delivered down ~3%), which could limit near?term upside until revenue and gross margins stabilize. TipRanks Call Recap

M/I Homes Company Profile

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.