M/I Homes, Inc. (NYSE:MHO) Insider Sells $1,098,000.00 in Stock

M/I Homes, Inc. (NYSE:MHO) insider Susan E. Krohne sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the sale, the insider now directly owns 3,609 shares in the company, valued at approximately $440,298. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $116.34 on Thursday. The stock has a market cap of $3.23 billion, a PE ratio of 6.69 and a beta of 2.13. The company’s fifty day moving average is $123.15 and its 200 day moving average is $117.08. M/I Homes, Inc. has a 52 week low of $65.42 and a 52 week high of $140.73. The company has a quick ratio of 1.86, a current ratio of 6.91 and a debt-to-equity ratio of 0.35.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. Research analysts anticipate that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MHO shares. Wedbush reissued a “neutral” rating and issued a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.

Hedge Funds Weigh In On M/I Homes

A number of large investors have recently added to or reduced their stakes in MHO. Strs Ohio raised its position in M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC purchased a new position in M/I Homes in the 4th quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in M/I Homes in the 4th quarter worth $29,000. USA Financial Formulas grew its holdings in M/I Homes by 578.1% in the 4th quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.