M/I Homes, Inc. (NYSE:MHO – Get Free Report)’s share price reached a new 52-week low on Thursday following a dissappointing earnings announcement. The company traded as low as $113.64 and last traded at $114.2330, with a volume of 906,681 shares traded. The stock had previously closed at $124.06.
The construction company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.55). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. M/I Homes had a return on equity of 10.12% and a net margin of 6.59%. M/I Homes’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.92 EPS.
More M/I Homes News
Here are the key news stories impacting M/I Homes this week:
- Positive Sentiment: M/I Homes maintained a solid balance sheet, ending the quarter with $620.6 million in cash, record shareholders’ equity of $3.3 billion and an 18% homebuilding debt-to-capital ratio. The company also repurchased $50 million of stock. M/I Homes Reports 2026 Third Quarter Results
- Positive Sentiment: The stock’s valuation may provide some support for long-term investors: shares trade at roughly 10 times earnings, while one valuation analysis estimated fair value above the recent market price. M/I Homes Valuation Analysis
- Neutral Sentiment: Institutional positioning was mixed, with 175 investors adding MHO shares and 144 reducing their holdings in the latest reported quarter. This suggests continued interest but no clear consensus among large investors.
- Negative Sentiment: Third-quarter adjusted EPS was $2.70, missing consensus estimates by approximately $0.55–$0.60, while revenue of $1.076 billion fell short of expectations by about $30 million. Reported EPS declined to $2.56 from $3.92 a year earlier, and revenue decreased 5% year over year. M/I Homes Misses Third-Quarter Estimates
- Negative Sentiment: New contracts and home deliveries each declined 2%, while backlog sales value fell 9% to $1.1 billion. Pre-tax income dropped 38% to $86.9 million, reflecting weaker operating performance and $4.7 million of inventory charges.
- Negative Sentiment: Management described the housing market as increasingly difficult. Mortgage-rate buydowns intended to preserve affordability are pressuring profitability: gross margin fell to 20.9%, or 21.3% excluding inventory charges. The combination of persistent high rates, weaker sales and margin compression prompted at least one analyst rating downgrade. M/I Homes Rating Downgrade
Wall Street Analyst Weigh In
MHO has been the subject of several recent research reports. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Jefferies Financial Group set a $165.00 price target on M/I Homes in a research report on Thursday, October 8th. New Street Research set a $172.00 price target on M/I Homes in a research note on Tuesday, August 4th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, M/I Homes has an average rating of “Moderate Buy” and a consensus target price of $164.40.
Read Our Latest Stock Report on M/I Homes
Insider Buying and Selling
In other M/I Homes news, CFO Phillip Creek sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $151.28, for a total transaction of $1,512,800.00. Following the completion of the sale, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in shares of M/I Homes by 2.0% in the fourth quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock worth $498,000 after buying an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of M/I Homes by 33.0% during the first quarter. EverSource Wealth Advisors LLC now owns 391 shares of the construction company’s stock valued at $48,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC increased its position in shares of M/I Homes by 4.8% during the third quarter. GAMMA Investing LLC now owns 2,222 shares of the construction company’s stock valued at $300,000 after acquiring an additional 101 shares in the last quarter. Hilton Head Capital Partners LLC increased its position in shares of M/I Homes by 52.3% during the first quarter. Hilton Head Capital Partners LLC now owns 329 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of M/I Homes during the second quarter valued at approximately $26,000. Institutional investors own 95.14% of the company’s stock.
M/I Homes Stock Performance
The company has a market capitalization of $3.12 billion, a PE ratio of 9.27 and a beta of 1.60. The business’s fifty day moving average is $139.27 and its two-hundred day moving average is $139.75. The company has a current ratio of 7.09, a quick ratio of 1.69 and a debt-to-equity ratio of 0.29.
About M/I Homes
M/I Homes, Inc is a residential construction company that builds and sells single-family homes for a range of buyers, including first-time, move-up and luxury-home purchasers. Its operations include land acquisition and development, home design, construction, marketing and sales, with communities offered in suburban and metropolitan markets.
The company also provides services that support the homebuying process, including mortgage financing through M/I Financial and title-related services through its affiliated operations.
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