M/I Homes
About: M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic, and Southern regions, and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. Homebuilding operations comprise a predominant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.
Employees: 1,760
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
131% more call options, than puts
Call options by funds: $23.9M | Put options by funds: $10.3M
6% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 114
3.19% less ownership
Funds ownership: 95.2% [Q3] → 92.01% (-3.19%) [Q4]
5% less funds holding
Funds holding: 344 [Q3] → 326 (-18) [Q4]
14% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 57
25% less capital invested
Capital invested by funds: $4.47B [Q3] → $3.33B (-$1.14B) [Q4]
67% less funds holding in top 10
Funds holding in top 10: 6 [Q3] → 2 (-4) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$168
44%
upside
Avg. target
$168
44%
upside
High target
$168
44%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Buck Horne 18% 1-year accuracy 4 / 22 met price target | 44%upside $168 | Strong Buy Reiterated | 30 Jan 2025 |
Financial journalist opinion
Based on 7 articles about MHO published over the past 30 days
Neutral
PRNewsWire
1 week ago
M/I Homes Announces $250 million Share Repurchase Authorization
COLUMBUS, Ohio , Feb. 11, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that its Board of Directors approved a new share repurchase authorization, pursuant to which the Company may purchase up to $250 million of its common shares. The $250 million authorization replaces the Company's prior authorization (which had $107 million of remaining availability as of January 31, 2025).
Negative
Seeking Alpha
3 weeks ago
M/I Homes Earnings: Margin Pressure And Demand Challenges Mar The Outlook (Downgrade)
M/I Homes faces business challenges due to high mortgage rates, pressuring demand and margins forcing the use of rate buydowns as a key strategy. Q4 sequential results showed decelerating sales, increased rate buydowns, and gross margin compression, indicating potential challenges for 2025. The potential for rising land and labor costs, coupled with cautious share repurchase plans, add further pressure on MHO's future performance and investor sentiment.
Neutral
Seeking Alpha
3 weeks ago
M/I Homes, Inc. (MHO) Q4 2024 Earnings Call Transcript
M/I Homes, Inc. (MHO) Q4 2024 Earnings Call January 29, 2025 10:30 AM ET Company Participants Phil Creek - Chief Financial Officer Bob Schottenstein - President and Chief Executive Officer Derek Klutch - President Conference Call Participants Alan Ratner - Zelman & Associates Ken Zener - Seaport Research Partners Buck Horne - Raymond James Jay McCanless - Wedbush Operator Good morning, ladies and gentlemen and welcome to the M/I Homes Fourth Quarter and Year End Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, January 29 of 2025.
Neutral
Zacks Investment Research
3 weeks ago
M/I Homes (MHO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for M/I Homes (MHO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
3 weeks ago
M/I Homes (MHO) Q4 Earnings Lag Estimates
M/I Homes (MHO) came out with quarterly earnings of $4.71 per share, missing the Zacks Consensus Estimate of $4.83 per share. This compares to earnings of $3.66 per share a year ago.
Neutral
PRNewsWire
3 weeks ago
M/I Homes Reports Fourth Quarter and Year-End Results
COLUMBUS, Ohio , Jan. 29, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for its fourth quarter and year ended December 31, 2024. 2024 Fourth Quarter Results: Record fourth quarter homes delivered and income New contracts increased 11% to 1,759 Homes delivered increased 19% to 2,402 Revenue of $1.2 billion, up 24% Pre-tax income of $171 million, up 24% Net income increased 27% to $133.5 million ($4.71 per diluted share) compared to $105 million ($3.66 per diluted share) in 2023 Repurchased $50 million of stock 2024 Full Year Results: Record homes delivered, revenue and income New contracts increased 8% to 8,584 Homes delivered increased 12% to 9,055 Revenue increased 12% to $4.5 billion Pre-tax income increased 21% to $734 million; 16% of revenue Net income increased 21% to $564 million ($19.71 per diluted share) Shareholders' equity reached an all-time record of $2.9 billion, a 17% increase from a year ago, with book value per share of $109 Repurchased $176 million of stock Return on equity of 21% Homebuilding debt to capital ratio of 19% compared to 22% at December 31, 2023 For the fourth quarter of 2024, the Company reported net income of $133.5 million, or $4.71 per diluted share, compared to net income of $105.3 million, or $3.66 per diluted share, for the fourth quarter of 2023.
Negative
Zacks Investment Research
4 weeks ago
Here's Why M/I Homes (MHO) Fell More Than Broader Market
In the latest trading session, M/I Homes (MHO) closed at $135.50, marking a -0.76% move from the previous day.
Neutral
Zacks Investment Research
1 month ago
M/I Homes (MHO) Ascends But Remains Behind Market: Some Facts to Note
M/I Homes (MHO) reachead $137.68 at the closing of the latest trading day, reflecting a +0.48% change compared to its last close.
Neutral
Zacks Investment Research
1 month ago
M/I Homes (MHO) Exceeds Market Returns: Some Facts to Consider
In the most recent trading session, M/I Homes (MHO) closed at $127.88, indicating a +0.88% shift from the previous trading day.
Positive
Zacks Investment Research
1 month ago
Here's Why M/I Homes (MHO) Gained But Lagged the Market Today
M/I Homes (MHO) reachead $131.95 at the closing of the latest trading day, reflecting a +0.96% change compared to its last close.
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