M/I HOMES, INC.
In the published model solve dated 2026-Q2, anchored at $150.72, M/I HOMES, INC. (MHO) is priced for -4.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• M/I Homes is a homebuilder priced for decline: at roughly seven times operating income, the market is paying for the business to shrink, and the book value behind each share rose to about $124.75 in the first quarter against a $149.03 price, so the premium to net worth is modest. • The biggest risk is the housing cycle itself, which the company expects to stay against it: management's own outlook calls for ⟦"housing affordability challenges, elevated mortgage interest rates and tepid homebuyer
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321 institutional managers reported holding MHO in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 55%. 29 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.3M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MHO has cut its share count 11.2% over the past five years, spending $601.25M on repurchases. It pays no dividend. Cash returned over the past three years: $479.19M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at MHO over the trailing three years. Absence is a fact about the company, not a signal. 7 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MHO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | +3.7% | -15.6% |
| 2023-10-28 | +5.1% | +69.4% |
| 2024-02-17 | -4.6% | -6.9% |
| 2024-04-27 | +0.7% | +1.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MHO's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-05-14 (items 5.07, 9.01); 2026-04-22 (items 2.02, 9.01); 2026-03-04 (items 5.02, 9.01); 2026-01-28 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.