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

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of M/I Homes by 4.8% in the 3rd 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 during the last quarter. Gradient Investments LLC boosted its holdings in M/I Homes by 6.4% during the 3rd quarter. Gradient Investments LLC now owns 129,757 shares of the construction company’s stock valued at $17,534,000 after acquiring an additional 7,846 shares during the period. Congress Asset Management Co. boosted its holdings in M/I Homes by 21.6% during the 3rd quarter. Congress Asset Management Co. now owns 137,872 shares of the construction company’s stock valued at $18,631,000 after acquiring an additional 24,517 shares during the period. Cim Investment Management Inc. bought a new position in M/I Homes during the 2nd quarter worth approximately $233,000. Finally, Junto Capital Management LP grew its position in M/I Homes by 3.1% during the 2nd quarter. Junto Capital Management LP now owns 338,298 shares of the construction company’s stock worth $54,395,000 after acquiring an additional 10,047 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

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

M/I Homes Stock Performance

Shares of MHO opened at $123.41 on Friday. The company has a 50-day simple moving average of $139.27 and a two-hundred day simple moving average of $139.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.09 and a quick ratio of 1.69. The firm 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 one year low of $113.40 and a one year high of $163.66.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on MHO. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research note on Thursday, October 8th. Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. New Street Research set a $172.00 price target on shares of M/I Homes in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, M/I Homes currently has a consensus rating of “Moderate Buy” and an average target price of $164.40.

Insider Activity

In other news, CFO Phillip Creek sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $149.56, for a total value of $2,991,200.00. Following the completion of the transaction, the chief financial officer owned 30,918 shares in the company, valued at $4,624,096.08. This trade represents a 39.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

M/I Homes Company 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.