M/I Homes (NYSE:MHO) CFO Sells $2,991,200.00 in Stock

M/I Homes, Inc. (NYSE:MHO) CFO Phillip Creek sold 20,000 shares of the business’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 sale, the chief financial officer owned 30,918 shares of the company’s stock, valued at $4,624,096.08. The trade was a 39.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

M/I Homes Stock Up 3.1%

Shares of MHO opened at $151.40 on Friday. The firm has a market cap of $3.83 billion, a P/E ratio of 12.74 and a beta of 1.60. The stock has a 50 day simple moving average of $148.17 and a two-hundred day simple moving average of $137.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.65 and a quick ratio of 1.59. M/I Homes, Inc. has a 1 year low of $116.78 and a 1 year high of $163.66.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $4.42 earnings per share. On average, analysts forecast that M/I Homes, Inc. will post 12.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Finally, New Street Research set a $172.00 target price on M/I Homes in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, M/I Homes has an average rating of “Moderate Buy” and a consensus price target of $164.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new stake in M/I Homes during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares during the last quarter. Langley Wealth Management LLC bought a new stake in M/I Homes in the 2nd quarter worth $45,000. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the fourth quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of M/I Homes by 1,090.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.