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 the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.
Employees: 1,607
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
147% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 34
103% more call options, than puts
Call options by funds: $48.8M | Put options by funds: $24.1M
50% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]
39% more capital invested
Capital invested by funds: $3.17B [Q2] → $4.42B (+$1.25B) [Q3]
17% more funds holding
Funds holding: 290 [Q2] → 340 (+50) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 105
0.65% more ownership
Funds ownership: 93.56% [Q2] → 94.21% (+0.65%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$185
38%
upside
Avg. target
$185
38%
upside
High target
$185
38%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target | 38%upside $185 | Outperform Upgraded | 4 Nov 2024 |
Financial journalist opinion
Based on 5 articles about MHO published over the past 30 days
Negative
Zacks Investment Research
18 hours ago
M/I Homes (MHO) Stock Sinks As Market Gains: Here's Why
In the latest trading session, M/I Homes (MHO) closed at $133.97, marking a -1.78% move from the previous day.
Positive
Seeking Alpha
1 week ago
M/I Homes Still Offers Attractive Upside For Investors
M/I Homes remains a strong 'buy' due to attractive pricing, robust market position, and positive long-term growth, despite a recent 3.5% pullback. The company is a leading homebuilder in the US, operating in 17 markets with significant market share in key regions. Financial performance is solid with rising revenue and profitability, although operating cash flow saw a temporary dip due to working capital changes.
Neutral
Zacks Investment Research
1 week ago
M/I Homes (MHO) Stock Drops Despite Market Gains: Important Facts to Note
M/I Homes (MHO) closed at $156.48 in the latest trading session, marking a -1.04% move from the prior day.
Neutral
PRNewsWire
1 week ago
M/I Homes, Inc. Announces Fourth Quarter and Year-End Earnings Webcast
COLUMBUS, Ohio , Dec. 10, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What: M/I Homes, Inc. Announces Fourth Quarter and Year-End Webcast When: January 29, 2025 @ 10:30AM Eastern Time Where: http://www.mihomes.com How: Live over the Internet -- Simply log on to the web at the address above Contact: Ann Marie Hunker, Vice President, Chief Accounting Officer, Controller of M/I Homes, Inc., amhunker@mihomes.com, or 614-418-8225 Mark Kirkendall, Vice President, Treasurer of M/I Homes, Inc., mkirkendall@mihomes.com, or 614-418-8021 If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.mihomes.com The company is expected to report fourth quarter and year-end earnings before the market opens on Wednesday, January 29, 2025. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.
Neutral
Zacks Investment Research
2 weeks ago
Why M/I Homes (MHO) Dipped More Than Broader Market Today
In the most recent trading session, M/I Homes (MHO) closed at $159.81, indicating a -1.47% shift from the previous trading day.
Positive
Zacks Investment Research
1 month ago
Should Value Investors Buy MI Homes (MHO) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Seeking Alpha
1 month ago
M/I Homes: Riding The Housing Rebound With Strong Earnings And Growth Outlook
M/I Homes benefit from robust earnings, strategic market positioning, and favorable seasonality trends. Trading at a significant discount to sector peers, M/I Homes offers an appealing entry point for investors seeking value. Fed policy shifts and rising competition in affordable housing could impact buyer confidence and compress margins.
Neutral
Seeking Alpha
1 month ago
M/I Homes, Inc. (MHO) Q3 2024 Earnings Call Transcript
M/I Homes, Inc. (MHO) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Phil Creek – Executive Vice President and Chief Financial Officer Bob Schottenstein – President and Chief Executive Officer Derek Klutch – President-Mortgage Company Conference Call Participants Alan Ratner – Zelman Kenneth Zener – Seaport Research Alex Barron – Housing Research Center Buck Horne – Raymond James Jay McCanless – Wedbush Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.
Positive
Zacks Investment Research
1 month ago
M/I Homes (MHO) Tops Q3 Earnings and Revenue Estimates
M/I Homes (MHO) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.82 per share a year ago.
Neutral
PRNewsWire
1 month ago
M/I Homes Reports 2024 Third Quarter Results
COLUMBUS, Ohio , Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% increase from a year ago, with book value per share of $105 New contracts were 2,023, compared to 2,021 in last year's third quarter Repurchased $50 million of common stock Return on equity of 20% The Company reported pre-tax income of $188.7 million and net income of $145.4 million ($5.10 per diluted share), both third quarter records.
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