M/I Homes, Inc. (MHO)

M/I Homes (MHO) stock has been influenced by earnings reports, analyst ratings, and broader market conditions. The stock has seen a 22.06% increase over the past six months. In Q2 2025, M/I Homes reported record revenue but a decrease in pre-tax income and earnings per share. In Q3 2025, the company reported a profit that missed analyst expectations, with revenue falling short of estimates and a decrease in new contracts. M/I Homes announced an amendment to its credit agreement, extending its credit facility to 2030 and increasing borrowing availability to $900 million. Analyst activity included upgrades, price target increases, and forecast revisions. Mortgage rates have fluctuated, impacting housing affordability and demand.

Demand for M/I Homes' products and services exhibits seasonality, benefiting from favorable trends in November and December. The housing market generally experiences increased activity during the spring and summer months, while demand can slow during the colder months and holidays. M/I Homes actively manages its operations to meet the demands of the current environment and aims to capture demand through strategic pricing and balancing its product offerings for various buyer segments.

M/I Homes, Inc. is a homebuilder in the United States, specializing in single-family residential homes and attached townhomes, operating within the Consumer Discretionary sector and the Residential Construction industry. The company caters to a diverse range of homebuyers and provides financial services through its subsidiary, M/I Financial, LLC, offering mortgage financing, title insurance, and closing services. M/I Homes also acquires undeveloped land to develop into lots for home construction and for sale to other entities.

M/I Homes, Inc. has a significant geographic presence across the Midwest, Southeast, and Texas, with operations in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. The Southern division accounts for nearly 60% of its total sales, while the Northern division contributes approximately 37.8%.

M/I Homes generally maintains a positive brand reputation, often highlighted by its focus on quality construction, customer service, and comprehensive warranties. The company emphasizes energy-efficient and sustainable home designs, utilizing trusted brands for building materials and appliances. M/I Homes offers a 10-year structural warranty and a 10-year comprehensive warranty covering mechanicals. Broader market challenges and affordability pressures could indirectly influence customer sentiment. The company's strategy of using mortgage rate buydowns to drive sales has contributed to a decline in gross margins.

M/I Homes, Inc. is primarily owned by institutional shareholders, who hold 94.67% of the company's shares, while insiders own 8.70%, and retail investors hold 0.00%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and Donald Smith & Co., Inc. Key individual owners (insiders) include Bennett D. Lindenbaum and Robert H. Schottenstein.