M/I Homes, Inc. (NYSE:MHO) CFO Sells $459,986.08 in Stock

M/I Homes, Inc. (NYSE:MHO) CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $153.91 on Monday. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $173.86. The company has a quick ratio of 1.99, a current ratio of 6.62 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.27 billion, a PE ratio of 8.86 and a beta of 2.22. The business has a fifty day simple moving average of $132.52 and a 200-day simple moving average of $127.23.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $4.12 EPS. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.34 EPS for the current fiscal year.

Institutional Trading of M/I Homes

Several institutional investors have recently made changes to their positions in MHO. Signaturefd LLC increased its stake in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after buying an additional 71 shares during the period. Bay Rivers Group increased its stake in shares of M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock worth $544,000 after acquiring an additional 75 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of M/I Homes by 7.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,245 shares of the construction company’s stock worth $171,000 after acquiring an additional 84 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in M/I Homes by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,198 shares of the construction company’s stock valued at $1,129,000 after purchasing an additional 88 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in M/I Homes by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after purchasing an additional 110 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MHO. Raymond James boosted their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 target price (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

M/I Homes Company Profile

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.