Freedom Broker Rates M Homes (MHO) buy, $170 Price Target

Freedom Broker has reiterated its buy rating on M/I Homes, Inc. (NYSE:MHO), setting a price target of $170. This update was issued on June 24, 2026, by analyst Zhiger Kurmet. The investment firm continues to hold a positive outlook on the residential construction company.

Other Institutional Activity in M/I Homes, Inc.

Several institutional investors have recently adjusted their positions in M/I Homes. BlackRock, Inc. trimmed its holdings by 106,965 shares, bringing its total to 4,760,231 shares valued at about $582.9 million, a 2.2% decrease. Donald Smith & Co., Inc. increased its stake by 26,698 shares, now holding 1,490,038 shares worth approximately $182.5 million, a 1.8% increase. State Street Corp reduced its position by 77,400 shares, resulting in 1,259,788 shares valued at $154.3 million, a 5.8% decrease. FMR LLC added 36,684 shares, ending with 1,220,049 shares worth about $149.4 million, marking a 3.1% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each holding over 1.1 million shares worth approximately $136.5 million and $136.4 million, respectively.

M Homes, Inc. Stock Up 17.4%

Shares of M/I Homes, Inc. (NYSE:MHO) traded near $158.83 on Friday. The company's market capitalization stands at approximately $4.1 billion. M/I Homes has a price-to-earnings (P/E) ratio of 11.96 and a forward P/E of 10.45. The stock has a beta of 1.641, indicating its volatility relative to the market. The 52-week range is between $110.95 and $163.66, with a 50-day moving average of $134.15 and a 200-day moving average of $134.35. The company maintains a robust current ratio of 7.91 and a quick ratio of 1.371, alongside a debt-to-equity ratio of 31.691.

Recent Earnings

M/I Homes reported revenue of approximately $4.36 billion, with a slight decline in revenue growth at -5.7%. The company achieved an earnings per share (EPS) of $13.31, with a net margin of 8.24% and a return on equity (ROE) of 11.6%. The next earnings report is scheduled for July 29, 2026.

Insider Buying and Selling at M Homes, Inc.

Recent insider activity at M/I Homes includes transactions by Kumi Walker and Bruce Soll on May 13, 2026. Kumi Walker bought 1,573 shares and sold 455 shares, while Bruce Soll purchased 1,573 shares and an additional 256 shares at an average price of $127.08. Nancy Kramer also sold 1,822 shares on May 21, 2026, at an average price of $125.56.

Analysts Set New Price Targets

On June 24, 2026, Freedom Broker initiated coverage on M/I Homes with a buy rating and a $170 price target. Earlier this year, on January 7, Citizens initiated a buy rating with a $165 target. Raymond James maintained its buy rating with a $155 target on October 24, 2025. The consensus among analysts is a buy recommendation, with an average price target of $163.33 based on three analyst opinions.

About M/I Homes, Inc.

M/I Homes, Inc., based in Columbus, Ohio, builds and sells single-family homes across several states including Ohio, Florida, and Texas. The company operates through its Northern and Southern Homebuilding segments, as well as its Financial Services segment. M/I Homes caters to a variety of homebuyers, from first-time purchasers to luxury buyers, under the M/I Homes brand. Besides building homes, the company also engages in land development, mortgage origination, and title insurance services. Led by CEO Robert H. Schottenstein, M/I Homes employs approximately 1,801 people.

Bottom Line

Freedom Broker's reiteration of a buy rating for M/I Homes, Inc. suggests confidence in the company's future performance. With a solid market position and diverse operations in homebuilding and financial services, M/I Homes continues to attract attention from institutional investors. As always, remember that analyst ratings and 13F filings reflect past decisions and may not represent the most current investment stance.