M/I Homes (NYSE:MHO) CFO Phillip Creek Sells 20,000 Shares of Stock

M/I Homes, Inc. (NYSE:MHO) 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 transaction of $2,991,200.00. Following the sale, the chief financial officer owned 30,918 shares in the company, valued at approximately $4,624,096.08. This trade represents a 39.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

M/I Homes Stock Down 2.6%

MHO stock opened at $146.63 on Friday. The company has a 50 day moving average price of $147.78 and a two-hundred day moving average price of $137.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.59 and a current ratio of 7.65. The stock has a market capitalization of $3.71 billion, a P/E ratio of 12.34 and a beta of 1.60. M/I Homes, Inc. has a one year low of $116.78 and a one 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.01. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $4.42 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that M/I Homes, Inc. will post 12.62 EPS for the current year.

Institutional Investors Weigh In On M/I Homes

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

Wall Street Analysts Forecast Growth

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

About M/I Homes

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.