M/I Homes (MHO) Stock Price, News & Analysis

Company Overview

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. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, the company originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

Key Stats

• Today's Range: $153.35 to $156.21
• 50-Day Range: $150.19 to $174.92
• 52-Week Range: $103.33 to $176.18
• Volume: 197,203 shs
• Average Volume: 275,922 shs
• Market Capitalization: $4.29 billion
• P/E Ratio: 8.29
• Dividend Yield: N/A
• Price Target: $197.50
• Consensus Rating: Strong Buy

M/I Homes Stock Analysis - MarketRank™

M/I Homes scored higher than 77% of companies evaluated by MarketBeat, and ranked 51st out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

M/I Homes has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

M/I Homes has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.98%

Earnings Growth

Earnings for M/I Homes are expected to grow by 2.98% in the coming year, from $19.83 to $20.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of M/I Homes is 8.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of M/I Homes is 8.29, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.78.

Price to Book Value per Share Ratio

M/I Homes has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.85% of the float of M/I Homes has been sold short.

Short Interest Ratio / Days to Cover

M/I Homes has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in M/I Homes has recently decreased by 3.77%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

M/I Homes does not currently pay a dividend.

Dividend Growth

M/I Homes does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.85% of the float of M/I Homes has been sold short.

Short Interest Ratio / Days to Cover

M/I Homes has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in M/I Homes has recently decreased by 3.77%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.25

News Sentiment

M/I Homes has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for M/I Homes this week, compared to 5 articles on an average week.

Search Interest

Only 7 people have searched for MHO on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added M/I Homes to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, M/I Homes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,200,000.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of M/I Homes is held by insiders.

Percentage Held by Institutions

95.14% of the stock of M/I Homes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MHO Stock Analysis - Frequently Asked Questions

How have MHO shares performed this year?

M/I Homes' stock was trading at $137.74 on January 1st, 2024. Since then, MHO shares have increased by 12.2% and is now trading at $154.61.
View the best growth stocks for 2024 here.

How were M/I Homes' earnings last quarter?

M/I Homes, Inc. (NYSE:MHO) announced its quarterly earnings results on Tuesday, July, 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.60 by $0.52. The construction company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.06 billion. M/I Homes had a net margin of 12.54% and a trailing twelve-month return on equity of 19.94%.

Who are M/I Homes' major shareholders?

Top institutional shareholders of M/I Homes include State Street Corp (5.18%), Westfield Capital Management Co. LP (3.99%), Donald Smith & CO. Inc. (3.96%) and Geode Capital Management LLC (2.61%). Insiders that own company stock include Robert H Schottenstein, Phillip G Creek, Susan E Krohne, Susan E Krohne and Ann Marie Hunker.
View institutional ownership trends.

How do I buy shares of M/I Homes?

Shares of MHO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of M/I Homes own?

Based on aggregate information from My MarketBeat watchlists, some other companies that M/I Homes investors own include Humana (HUM), NVIDIA (NVDA), American Water Works (AWK), Voyager Therapeutics (VYGR), Broadcom (AVGO), TotalEnergies (TTE) and Meta Platforms (META).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Operative builders
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:MHO
• CUSIP: 55305B10
• CIK: 799292
• Web: www.mihomes.com
• Phone: (614) 418-8000
• Fax: 614-573-7172
• Employees: 1,607
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $197.50
• High Stock Price Target: $210.00
• Low Stock Price Target: $185.00
• Potential Upside/Downside: +27.7%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $18.66
• Trailing P/E Ratio: 8.29
• Forward P/E Ratio: 7.80
• P/E Growth: N/A
• Net Income: $465.36 million
• Net Margins: 12.54%
• Pretax Margin: 16.41%
• Return on Equity: 19.94%
• Return on Assets: 12.58%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 6.81
• Quick Ratio: 1.60

Sales & Book Value

• Annual Sales: $4.27 billion
• Price / Sales: 1.00
• Cash Flow: $17.24 per share
• Price / Cash Flow: 8.97
• Book Value: $90.38 per share
• Price / Book: 1.71

Miscellaneous

• Outstanding Shares: 27,752,000
• Free Float: 26,725,000
• Market Cap: $4.29 billion
• Optionable: Optionable
• Beta: 2.24