M/I Homes (MHO)
Builds single-family homes and townhomes with in-house mortgage and title services.
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Builds and sells single-family homes and attached townhomes for first-time, move-up, empty-nester, and luxury buyers across Midwestern and Sun Belt markets. Home sales generate nearly all revenue, while mortgage origination, loan sales, title insurance, and closing services extend the purchase process.
Designs, markets, builds, and sells single-family detached homes and attached townhomes for first-time, move-up, empty-nester, and luxury buyers. Northern and Southern homebuilding divisions operate across the Midwest and Sun Belt, primarily in planned and mixed-use communities. Local teams select land and tailor product and sales plans, while centralized functions approve acquisitions and allocate capital.
Extends the home sale through mortgage origination by M/I Financial and title and closing services from wholly owned agencies; mortgages and servicing rights are generally sold to outside lenders. Execution centers on standardized designs, subcontractor coordination, inventory control, and buyer financing. Demand depends on mortgage availability and affordability, while zoning, building, environmental, and consumer-finance rules shape development and closing timelines.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | New Street | Target | Target: — | Target: $172 |
| Jul 7, 2026 | Zelman | Downgrade | ||
| Jul 7, 2026 | Zelman & Assoc | Downgrade | ||
| Apr 7, 2026 | Seaport Global | Downgrade | ||
| Jan 30, 2026 | Oppenheimer | Target | Target: — | Target: $165 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $735.9M · Total debt $1.00B · Total assets $4.86B · Shareholders' equity $3.23B
- Revenue
- $1.06B
- Operating income
- $101.3M
- Net income
- $79.1M
No dividends on record.
| Institutions | 98.93% | 25.01M shares | |
|---|---|---|---|
| 358 holders · as of Jun 30, 2026 | |||
| Insiders | 1.59% | 400.8K shares | |
| 7 holders · as of Aug 6, 2026 | |||
| Strategic holders | 12.77% | 3.23M shares | |
| 2 holders · as of Feb 8, 2018 | |||
| Adds to | 113.29% | ||
25.28M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 113.29%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.94% | 4.79M | as of Jun 30, 2026 |
Franklin Advisory Services, LLCStrategic | 8.59% | 2.17M | filed Feb 5, 2018 |
Donald Smith & Co., Inc.Institution | 5.50% | 1.39M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.25% | 1.33M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.87% | 1.23M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Phillip G. Creek | director, officer: Ex. Vice President and CFO | −20,000 | $149.56 |
| Aug 5, 2026 | Phillip G. Creek | director, officer: Ex. Vice President and CFO | −10,000 | $151.28 |
| Aug 3, 2026 | Phillip G. Creek | director, officer: Ex. Vice President and CFO | −10,000 | $148.00 |
| Jul 31, 2026 | Phillip G. Creek | director, officer: Ex. Vice President and CFO | −10,000 | $150.00 |
| May 21, 2026 | Nancy J. Kramer | director | −1,822 | $125.56 |
- D.R. Horton
Broad public overlap in production homebuilding and buyer financing
- Lennar
National builder overlap in homes, buyer segments, and finance
- PulteGroup
Broad builder overlap in Sun Belt, Midwest, and active-adult buyers
- NVR
Midwest/Southeast homebuilding overlap with captive mortgage
- Meritage Homes
Focused Sun Belt affordable-home peer with attached services
- Toll Brothers
Luxury builder overlapping in upmarket homes and financing
- KB Home
Southern-market builder overlapping in first-time and move-up homes
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| M/I Homes | $142.67 | +0.01% | $3.55B | 11.8 | 10.9 | 0.8 | −8.5% |
| D.R. Horton | $144.11 | 0.00% | $38.95B | 13.3 | 12.9 | 1.2 | +0.0% |
| Lennar | $83.29 | +0.29% | $19.39B | 14.8 | 16.8 | 0.6 | −9.0% |
| PulteGroup | $121.92 | −0.32% | $22.96B | 12.2 | 11.5 | 1.4 | −9.6% |
| NVR | $6,338.92 | −0.15% | $16.71B | 16.1 | 16.4 | 1.8 | −10.6% |
| Meritage Homes | $66.40 | +0.02% | $4.29B | 13.5 | 12.3 | 0.8 | −14.3% |
| Toll Brothers | $137.57 | +0.01% | $12.67B | 10.9 | 10.1 | 1.2 | −9.7% |
| KB Home | $47.62 | −2.06% | $2.93B | 11.6 | 11.4 | 0.5 | −20.0% |
| Median | 13.3 | 12.3 | 1.2 | −9.7% |