Ruffer LLP Makes New Investment in M/I Homes, Inc. $MHO

Ruffer LLP bought a new position in M/I Homes, Inc. (NYSE:MHO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,832 shares of the construction company’s stock, valued at approximately $2,798,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Institute for Wealth Management LLC. bought a new position in M/I Homes in the 4th quarter worth about $375,000. CWM LLC grew its stake in M/I Homes by 7.7% in the 4th quarter. CWM LLC now owns 3,274 shares of the construction company’s stock worth $419,000 after acquiring an additional 234 shares in the last quarter. Capelight Capital Asset Management LP bought a new position in shares of M/I Homes during the fourth quarter valued at approximately $7,037,000. Assetmark Inc. boosted its stake in shares of M/I Homes by 0.9% during the fourth quarter. Assetmark Inc. now owns 53,966 shares of the construction company’s stock valued at $6,905,000 after purchasing an additional 490 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of M/I Homes by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 14,839 shares of the construction company’s stock valued at $1,897,000 after purchasing an additional 96 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Trending Headlines about M/I Homes

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

• Positive Sentiment: Company repurchased $50M of common stock and reported record shareholders’ equity and book value per share ($125), which supports buyback-driven EPS support and shareholder returns. M/I Homes Reports 2026 First Quarter Results
• Positive Sentiment: New contracts increased ~3% to 2,350 homes, indicating ongoing demand resilience in many markets despite a tougher quarter for deliveries. M/I Homes Reports 2026 First Quarter Results
• Neutral Sentiment: Earnings call highlighted a balance between operational strength and margin strain — management acknowledged cost and mix pressures while pointing to underlying demand and capital allocation priorities. M/I Homes Earnings Call Balances Strength With Margin Strain
• Neutral Sentiment: Full Q1 earnings call/transcript and company release are available for details on segment performance, land pipeline and commentary. Useful for investors wanting management color. M/I Homes, Inc. (MHO) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 results missed expectations: GAAP EPS $2.55 (down from $3.98 a year ago) and revenue $920.7M — well below some analyst estimates — driving lower profitability and investor concern over near-term earnings. M/I Homes (MHO) Lags Q1 Earnings and Revenue Estimates
• Negative Sentiment: Margins compressed (gross margin ~22%) and pre-tax income declined ~39% year-over-year; deliveries were down ~3% — signs of margin and volume pressure that could weigh on near-term profitability until mix/cost issues are addressed. M/I Homes Reports 2026 First Quarter Results

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MHO. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research note on Friday, January 30th. Citizens Jmp began coverage on shares of M/I Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective on the stock. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Insiders Place Their Bets

In other M/I Homes news, CEO Robert H. Schottenstein sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $144.47, for a total value of $2,889,400.00. Following the completion of the transaction, the chief executive officer owned 313,874 shares of the company’s stock, valued at approximately $45,345,376.78. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Susan E. Krohne sold 5,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $134.28, for a total transaction of $671,400.00. Following the completion of the transaction, the insider directly owned 6,167 shares of the company’s stock, valued at approximately $828,104.76. This represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,213 shares of company stock valued at $7,115,268. Insiders own 3.60% of the company’s stock.

M/I Homes Trading Up 3.7%

NYSE MHO opened at $133.61 on Thursday. The company has a fifty day simple moving average of $130.89 and a two-hundred day simple moving average of $132.15. The stock has a market cap of $3.42 billion, a P/E ratio of 9.08 and a beta of 1.77. M/I Homes, Inc. has a 12-month low of $102.44 and a 12-month high of $158.92. The company has a current ratio of 8.12, a quick ratio of 1.86 and a debt-to-equity ratio of 0.31.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a return on equity of 14.50% and a net margin of 9.12%.The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.98 EPS. On average, analysts forecast that M/I Homes, Inc. will post 13.63 earnings per share for the current year.

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.