M/I Homes, Inc. (MHO)
M/I Homes, Inc. operates in the Residential Construction industry of the Consumer Cyclical sector, headquartered in Columbus, OH, US. The stock last traded at $151.32, down 0.63% on the session, giving a market capitalisation of $3.83B. On trailing twelve-month figures it carries a trailing P/E of 12.46, a net margin of 7.4%. Its beta of 1.61 implies it has historically moved more than the broad market.
M/I Homes, Inc. (MHO), along with its affiliated companies, constructs single-family residences across a broad geographical area, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Its operations are divided into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Under the M/I Homes brand, the company engages in the entire process of home development, from conceptual design and construction to marketing and sales. It caters to a diverse clientele, encompassing first-time purchasers, millennials, those upgrading their homes, empty-nesters, and luxury market consumers, offering both detached single-family houses and attached townhouses. Beyond building, M/I Homes acquires raw land, transforming it into ready-to-build lots. These developed parcels are then utilized for its own single-family home construction projects or sold to external parties. Furthermore, its financial services division facilitates homeownership by originating and selling mortgage loans. This segment also operates as a title insurance provider, offering policies, conducting examinations, and managing closing services for individuals buying M/I Homes properties. Originally established in Columbus, Ohio, in 1976, the company was initially named M/I Schottenstein Homes, Inc. It adopted its current name, M/I Homes, Inc., in January 2004.
M/I Homes, Inc. is most often compared with the following Consumer Cyclical names: