NYSE:MHO

M/I Homes - MHO Stock Forecast, Price & News

$60.61

+0.24 (+0.40%)

(As of 03/24/2023 05:19 PM ET)

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Today's Range: $59.17
▼
$61.00
50-Day Range: $53.14
▼
$63.21
52-Week Range: $34.33
▼
$64.68

Volume: 467,043 shs
Average Volume: 314,790 shs
Market Capitalization: $1.68 billion

P/E Ratio: 3.51
Dividend Yield: N/A
Price Target: $73.00

Institutional Ownership

M/I Homes MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 20.4% Upside
$73.00 Price Target
Short Interest: Healthy
2.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$2.40 M Sold Last Quarter
Proj. Earnings Growth: 10.07%
From $11.12 to $12.24 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Construction Sector

30th out of 105 stocks

Operative Builders Industry

5th out of 17 stocks

2.5

Analyst's Opinion

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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.00, M/I Homes has a forecasted upside of 20.4% from its current price of $60.61.
Amount of Analyst Coverage
M/I Homes has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.62% 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 2.6, 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 increased by 2.48%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MHO.

2.5

News and Social Media Coverage

News Sentiment
M/I Homes has a news sentiment score of 1.41. 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 0.41 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 1 news article for M/I Homes this week, compared to 1 article on an average week.
Search Interest
Only 15 people have searched for MHO on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added M/I Homes to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

2.5

Company Ownership

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 $2,404,310.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of M/I Homes is held by insiders.
Percentage Held by Institutions
92.42% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for M/I Homes are expected to grow by 10.07% in the coming year, from $11.12 to $12.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M/I Homes is 3.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of M/I Homes is 3.51, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 12.44.
Price to Book Value per Share Ratio
M/I Homes has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About M/I Homes (NYSE:MHO) Stock

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offers mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

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MHO Stock News Headlines

March 17, 2023 | seekingalpha.com

M/I Homes: Shows Financial Strength Through Its Diversified Offerings

March 16, 2023 | seekingalpha.com

M/I Homes: Limited Incentive To Get On Board At This Juncture

March 24, 2023 | Weiss Ratings (Ad)

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March 16, 2023 | americanbankingnews.com

M/I Homes (NYSE:MHO) Earns Strong-Buy Rating from Analysts at StockNews.com

February 23, 2023 | seekingalpha.com

MHO M/I Homes, Inc.

February 2, 2023 | seekingalpha.com

Miller Value Partners Deep Value Strategy Q4 2022 Letter

February 1, 2023 | finance.yahoo.com

M/I Homes (MHO) Tops Q4 Earnings and Revenue Estimates

January 25, 2023 | finance.yahoo.com

M/I Homes, Inc. Announces Entry into Fort Myers/Naples Market

March 24, 2023 | Behind the Markets (Ad)

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January 20, 2023 | msn.com

I’m a retired mom, and want to buy an apartment in New Jersey with my daughter. Should we sell her home and buy now — or sell and wait for houses prices to fall?

January 13, 2023 | marketwatch.com

M/i Homes MHO Pivots Trading Plans and Risk Controls

January 10, 2023 | msn.com

Dallas organization encourages Birmingham as it works to build 50 tiny homes for homeless

January 8, 2023 | bizjournals.com

The most expensive homes sold in Jefferson County (Early December 2022)

January 7, 2023 | msn.com

Campaigners claim new homes will harm wildlife

January 6, 2023 | seekingalpha.com

M/I Homes: Thriving Despite Sectoral Challenges

January 5, 2023 | seekingalpha.com

M/I Homes: Still Building Value

January 5, 2023 | seekingalpha.com

M/I Homes: Undervalued Despite High Growth And A Great Product

January 4, 2023 | seekingalpha.com

M/I Homes: Customer Dissatisfaction Amidst A Bleak Outlook Poses Major Threat

January 3, 2023 | msn.com

'This is a blessing to me' | Resident living pallet homes at Pomona Park is thankful for the temporary housing

January 3, 2023 | finance.yahoo.com

Ohio homebuilder proposes hundreds of homes for southern Durham County

December 11, 2022 | finance.yahoo.com

M/I Homes (NYSE:MHO) Is Very Good At Capital Allocation

December 6, 2022 | msn.com

Hillsborough approves 188 homes behind Promenade shopping center

December 1, 2022 | msn.com

Christmas Homes Tour benefits homeless shelter

November 28, 2022 | msn.com

Groundbreaking housing program to build more than 400 affordable homes in Winston-Salem

October 27, 2022 | seekingalpha.com

M/I Homes, Inc. (MHO) Q3 2022 Earnings Call Transcript

October 26, 2022 | msn.com

M/I Homes: Q3 Earnings Insights

October 26, 2022 | bizjournals.com

M/I Homes breaks ground on 279-unit townhome project in north Charlotte

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MHO Company Calendar

Last Earnings: 10/27/2021
Today: 3/24/2023
Next Earnings (Estimated): 4/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Operative builders
Sub-Industry: Homebuilding
Sector: Construction
Current Symbol: NYSE:MHO
CUSIP: 55305B10
CIK: 799292
Web: www.mihomes.com
Phone: (614) 418-8000
Fax: 614-573-7172
Employees: 1,663
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $73.00
High Stock Price Forecast: $73.00
Low Stock Price Forecast: $73.00
Forecasted Upside/Downside: +21.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $17.27
Trailing P/E Ratio: 3.49
Forward P/E Ratio: 5.42
P/E Growth: N/A
Net Income: $490.66 million
Net Margins: 11.88%
Pretax Margin: 15.38%
Return on Equity: 26.80%
Return on Assets: 14.31%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 5.66
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $4.13 billion
Price / Sales: 0.40
Cash Flow: $19.08 per share
Price / Cash Flow: 3.16
Book Value: $75.49 per share
Price / Book: 0.80

Miscellaneous

Outstanding Shares: 27,670,000
Free Float: 26,672,000
Market Cap: $1.67 billion
Optionable: Optionable
Beta: 1.88

Key Executives

Robert H. Schottenstein
Chairman, President & Chief Executive Officer

Phillip G. Creek
Chief Financial Officer, Director & Executive VP

Susan E. Krohne
Secretary, Chief Legal Officer & Senior VP

Ann Marie W. Hunker
Chief Accounting Officer, VP & Controller

Chloe Firebaugh
Director-Land Acquisition

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MHO Stock - Frequently Asked Questions

Should I buy or sell M/I Homes stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M/I Homes in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MHO shares.
View MHO analyst ratings or view top-rated stocks.
What is M/I Homes' stock price forecast for 2023?: 1 Wall Street research analysts have issued twelve-month price objectives for M/I Homes' stock. Their MHO share price forecasts range from $73.00 to $73.00. On average, they anticipate the company's stock price to reach $73.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for MHO or view top-rated stocks among Wall Street analysts.
How have MHO shares performed in 2023?: M/I Homes' stock was trading at $46.18 at the beginning of the year. Since then, MHO stock has increased by 30.7% and is now trading at $60.37.
View the best growth stocks for 2023 here.
When is M/I Homes' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our MHO earnings forecast.
How were M/I Homes' earnings last quarter?: M/I Homes, Inc. (NYSE:MHO) announced its quarterly earnings data on Wednesday, October, 27th. The construction company reported $3.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.47 by $0.44. The construction company had revenue of $904.32 million for the quarter, compared to analyst estimates of $975.60 million. M/I Homes had a net margin of 11.88% and a trailing twelve-month return on equity of 26.80%. During the same quarter last year, the company earned $2.51 earnings per share.
What ETFs hold M/I Homes' stock?: ETFs with the largest weight of M/I Homes (NYSE:MHO) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Qraft AI-Enhanced Next Value ETF (NVQ), Amplify Inflation Fighter ETF (IWIN), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), iShares U.S. Home Construction ETF (ITB), First Trust Small Cap Value AlphaDEX Fund (FYT) and Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL).
What is Robert H. Schottenstein's approval rating as M/I Homes' CEO?: 31 employees have rated M/I Homes Chief Executive Officer Robert H. Schottenstein on Glassdoor.com. Robert H. Schottenstein has an approval rating of 69% among the company's employees.

What other stocks do shareholders of M/I Homes own?: Based on aggregate information from My MarketBeat watchlists, some companies that other M/I Homes investors own include Alibaba Group (BABA), Boeing (BA), Intel (INTC), NVIDIA (NVDA), Verizon Communications (VZ), Altria Group (MO), Baidu (BIDU), DexCom (DXCM), General Motors (GM) and CarMax (KMX).
What is M/I Homes' stock symbol?: M/I Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MHO."
Who are M/I Homes' major shareholders?: M/I Homes' stock is owned by many different retail and institutional investors. Top institutional investors include Donald Smith & CO. Inc. (7.60%), Franklin Resources Inc. (5.76%), Dimensional Fund Advisors LP (4.98%), Geode Capital Management LLC (1.78%), Charles Schwab Investment Management Inc. (1.67%) and Assenagon Asset Management S.A. (1.65%). Insiders that own company stock include Ann Marie Hunker, J Thomas Mason, Phillip G Creek and Robert H Schottenstein.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is M/I Homes' stock price today?: One share of MHO stock can currently be purchased for approximately $60.37.
How much money does M/I Homes make?: M/I Homes (NYSE:MHO) has a market capitalization of $1.67 billion and generates $4.13 billion in revenue each year. The construction company earns $490.66 million in net income (profit) each year or $17.27 on an earnings per share basis.
How many employees does M/I Homes have?: The company employs 1,663 workers across the globe.
How can I contact M/I Homes?: M/I Homes' mailing address is 4131 WORTH AVENUE STE 500, COLUMBUS OH, 43219. The official website for the company is www.mihomes.com. The construction company can be reached via phone at (614) 418-8000, via email at investorrelations@mihomes.com, or via fax at 614-573-7172.

This page (NYSE:MHO) was last updated on 3/24/2023 by MarketBeat.com Staff

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M/I Homes - MHO Stock Forecast, Price & News

M/I Homes MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About M/I Homes (NYSE:MHO) Stock

MHO Stock News Headlines

MHO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MHO Stock - Frequently Asked Questions

Overall MarketRank^™