Key Points
- CEO Robert Schottenstein sold 14,974 shares of M/I Homes at an average price of $146.80 (totaling ~$2.20M) on Feb 12, reducing his stake by 4.12% to 348,513 shares (~$51.16M).
- M/I Homes reported quarterly EPS of $3.91 (beat by $0.03) on revenue of $1.15B (down 4.9% YoY); the stock trades with a market cap of ~$3.91B and a P/E of 10.17.
- The board approved a $250 million stock repurchase plan (up to ~7.4% of shares), and analysts have an average rating of "Moderate Buy" with a consensus price target of $161.67.
M/I Homes, Inc. (NYSE:MHO - Get Free Report) insider Ann Marie Hunker sold 132 shares of M/I Homes stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $146.80, for a total value of $19,377.60. Following the completion of the sale, the insider owned 3,456 shares of the company's stock, valued at $507,340.80. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
M/I Homes Stock Up 1.9%
NYSE:MHO opened at $149.66 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.54 and a quick ratio of 1.72. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $158.92. The company has a 50-day moving average of $134.36 and a 200 day moving average of $136.50. The firm has a market cap of $3.91 billion, a PE ratio of 10.17 and a beta of 1.77.
M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, beating analysts' consensus estimates of $3.88 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.71 EPS. As a group, research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.
M/I Homes declared that its board has initiated a stock buyback plan on Wednesday, November 12th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on MHO shares. Zacks Research downgraded shares of M/I Homes from a "hold" rating to a "strong sell" rating in a research note on Friday, January 30th. Oppenheimer set a $165.00 price target on M/I Homes in a research report on Friday, January 30th. Weiss Ratings restated a "hold (c+)" rating on shares of M/I Homes in a research note on Thursday, January 22nd. Raymond James Financial lifted their target price on M/I Homes from $150.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Friday, October 24th. Finally, Citigroup reiterated a "market outperform" rating on shares of M/I Homes in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, M/I Homes has an average rating of "Moderate Buy" and an average price target of $161.67.
Get Our Latest Stock Report on M/I Homes
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MHO. Junto Capital Management LP purchased a new stake in M/I Homes in the 3rd quarter worth approximately $35,871,000. Invesco Ltd. boosted its holdings in M/I Homes by 116.4% during the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company's stock worth $43,464,000 after buying an additional 161,881 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in M/I Homes by 9.8% during the second quarter. Donald Smith & CO. Inc. now owns 1,408,390 shares of the construction company's stock worth $157,909,000 after buying an additional 125,423 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of M/I Homes during the 2nd quarter valued at about $13,694,000. Finally, Gradient Investments LLC raised 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 purchasing an additional 100,233 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.
Key M/I Homes News
Here are the key news stories impacting M/I Homes this week:
- Positive Sentiment: Board-authorized $250M share repurchase program (up to ~7.4% of shares) supports buyback-driven EPS accretion and signals board confidence. More detail: MarketBeat MHO page
- Positive Sentiment: Large institutional investors have been increasing positions (examples: Donald Smith, State Street, American Century), which can provide steadier demand and liquidity for the stock. Source: Institutional holdings summary
- Positive Sentiment: Technical backdrop supportive — shares are trading above the 50‑ and 200‑day moving averages cited in recent coverage, which can attract momentum and quant buyers. See stock summary: MarketBeat MHO page
- Neutral Sentiment: Latest quarter: EPS slightly beat consensus ($3.91 vs. $3.88) but revenue declined ~4.9% YoY and EPS is down from the prior-year quarter — mixed fundamentals that can limit upside until revenue trends stabilize. Summary: Earnings summary
- Neutral Sentiment: Analyst coverage is mixed: several “buy/market outperform” ratings and $155–$165 targets but at least one downgrade to “strong sell”; consensus sits around a Moderate Buy. This creates both upside expectations and analyst-driven variability. Source: Analyst notes
- Negative Sentiment: Concentrated insider selling this week — CEO Robert H. Schottenstein sold multiple blocks (20,000 shares on Feb. 10 and an additional ~14,974 shares on Feb. 12) — filings: CEO Form 4 (20,000) and CEO Form 4 (14,974)
- Negative Sentiment: CFO Phillip G. Creek sold 8,616 shares (filed Feb. 12); other insiders also trimmed small stakes — these filings can be interpreted negatively by some investors even if sales are for diversification/liquidity. Filings: CFO Form 4
About M/I Homes
(
Get Free Report)
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.
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