State of Alaska Department of Revenue Sells 4,347 Shares of M/I Homes, Inc. $MHO

State of Alaska Department of Revenue reduced its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 43.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,605 shares of the construction company’s stock after selling 4,347 shares during the period. State of Alaska Department of Revenue’s holdings in M/I Homes were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MHO. BlackRock Inc. bought a new stake in shares of M/I Homes in the 2nd quarter worth approximately $769,776,000. Donald Smith & CO. Inc. purchased a new stake in shares of M/I Homes in the 2nd quarter worth approximately $223,736,000. Bank of America Corp DE bought a new position in M/I Homes during the 2nd quarter valued at approximately $31,561,000. Bank of New York Mellon Corp bought a new position in M/I Homes during the 2nd quarter valued at approximately $30,032,000. Finally, Basswood Capital Management L.L.C. bought a new position in M/I Homes during the 2nd quarter valued at approximately $21,926,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 8.2%

Shares of M/I Homes stock opened at $123.41 on Friday. The company’s fifty day simple moving average is $139.27 and its 200-day simple moving average is $139.75. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.27 and a beta of 1.60. M/I Homes, Inc. has a 1-year low of $113.40 and a 1-year high of $163.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.09 and a quick ratio of 1.69.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, October 21st. The construction company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.55). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. M/I Homes had a net margin of 6.59% and a return on equity of 10.12%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 EPS. As a group, equities analysts anticipate that M/I Homes, Inc. will post 12.12 earnings per share for the current year.

Key Headlines Impacting M/I Homes

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

Analysts Set New Price Targets

Several equities research analysts have commented on MHO shares. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. New Street Research set a $172.00 price target on M/I Homes in a report on Tuesday, August 4th. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research report on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group set a $165.00 price target on shares of M/I Homes in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.40.

Insider Buying and Selling

In related news, CFO Phillip Creek sold 20,000 shares of M/I Homes stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $149.56, for a total transaction of $2,991,200.00. Following the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $4,624,096.08. The trade was a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

M/I Homes Profile

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.