M/I Homes (NYSE:MHO) CFO Phillip Creek Sells 10,000 Shares of Stock

M/I Homes, Inc. (NYSE:MHO) CFO Phillip Creek sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $151.28, for a total transaction of $1,512,800.00. Following the completion of the transaction, the chief financial officer owned 30,918 shares in the company, valued at $4,677,275.04. This trade represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

M/I Homes Price Performance

NYSE:MHO opened at $146.63 on Friday. M/I Homes, Inc. has a 52 week low of $116.78 and a 52 week high of $163.66. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 12.34 and a beta of 1.60. The firm’s 50-day simple moving average is $147.78 and its 200 day simple moving average is $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.

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

Hedge Funds Weigh In On M/I Homes

Several hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in shares of M/I Homes during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its stake in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in M/I Homes in the fourth quarter valued at approximately $49,000. Versant Capital Management Inc increased its stake in M/I Homes by 133.7% in the second quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock valued at $66,000 after acquiring an additional 234 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in M/I Homes by 53.7% during the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after purchasing an additional 166 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

MHO has been the subject of several recent research reports. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Weiss Ratings restated 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 M/I Homes in a report on Tuesday. Finally, Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, 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.