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: $167.33 to $172.89
• 50-Day Range: $137.41 to $172.21
• 52-Week Range: $74.79 to $173.86
• Volume: 2.73 million shs
• Average Volume: 278,512 shs
• Market Capitalization: $4.70 billion
• P/E Ratio: 9.75
• Dividend Yield: N/A
• Price Target: $170.00
• Consensus Rating: Buy

M/I Homes Stock Analysis - MarketRank™

M/I Homes scored higher than 37% of companies evaluated by MarketBeat, and ranked 79th out of 97 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: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

M/I Homes has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, 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: 5.06%

Earnings Growth

Earnings for M/I Homes are expected to grow by 5.06% in the coming year, from $19.76 to $20.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of M/I Homes is 9.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of M/I Homes is 9.75, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 25.22.

Price to Book Value per Share Ratio

M/I Homes has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.08% 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 4.1.

Change versus previous month

Short interest in M/I Homes has recently increased by 13.70%, indicating that investor sentiment is decreasing significantly.

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

4.08% 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 4.1.

Change versus previous month

Short interest in M/I Homes has recently increased by 13.70%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

M/I Homes has a news sentiment score of 0.94. 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 higher news sentiment than the 0.67 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for M/I Homes this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for MHO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

4 people have added M/I Homes to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $807,011.00 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 at the start of the year. Since then, MHO shares have increased by 23.0% and is now trading at $169.47.
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 data on Tuesday, July, 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.60 by $0.52. The construction company earned $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.67% and a trailing twelve-month return on equity of 20.50%.

Who are M/I Homes' major shareholders?

M/I Homes' top institutional investors include Donald Smith & CO. Inc. (4.99%), Dimensional Fund Advisors LP (4.48%), Pacer Advisors Inc. (4.22%) and American Century Companies Inc. (2.54%). 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 Alibaba Group (BABA), Boeing (BA), Intel (INTC), NVIDIA (NVDA), Verizon Communications (VZ), Altria Group (MO) and Baidu (BIDU).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

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: $170.00
• High Stock Price Target: $210.00
• Low Stock Price Target: $130.00
• Potential Upside/Downside: +0.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $17.38
• Trailing P/E Ratio: 9.75
• Forward P/E Ratio: 8.57
• P/E Growth: N/A
• Net Income: $465.36 million
• Net Margins: 12.67%
• Pretax Margin: 16.53%
• Return on Equity: 20.50%
• Return on Assets: 12.77%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 6.62
• Quick Ratio: 1.76

Sales & Book Value

• Annual Sales: $4.18 billion
• Price / Sales: 1.13
• Cash Flow: $19.12 per share
• Price / Cash Flow: 8.86
• Book Value: $90.38 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 27,752,000
• Free Float: 26,725,000
• Market Cap: $4.70 billion
• Optionable: Optionable
• Beta: 2.23