M/I Homes Inc (MHO) Insider Ann Marie Hunker Sells 10,600 Shares of Stock

M/I Homes Inc (NYSE:MHO) insider Ann Marie Hunker sold 10,600 shares of M/I Homes stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $27.67, for a total transaction of $293,302.00. Following the sale, the insider now directly owns 2,600 shares in the company, valued at approximately $71,942. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NYSE MHO opened at $26.95 on Tuesday. The company has a market capitalization of $763.16 million, a price-to-earnings ratio of 6.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.55 and a current ratio of 5.40. M/I Homes Inc has a 52-week low of $20.34 and a 52-week high of $34.54.

M/I Homes (NYSE:MHO) last announced its earnings results on Tuesday, February 5th. The construction company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. The company had revenue of $722.50 million for the quarter, compared to analyst estimates of $684.59 million. M/I Homes had a return on equity of 14.23% and a net margin of 4.71%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 earnings per share. Analysts predict that M/I Homes Inc will post 3.83 earnings per share for the current fiscal year.

Several research firms have recently commented on MHO. Wedbush lowered shares of M/I Homes from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research report on Wednesday, February 6th. JMP Securities lowered shares of M/I Homes from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research report on Wednesday, February 6th. They noted that the move was a valuation call. ValuEngine raised shares of M/I Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Zacks Investment Research lowered M/I Homes from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Finally, TheStreet raised M/I Homes from a “c” rating to a “b-” rating in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. M/I Homes currently has an average rating of “Hold” and an average price target of $29.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in MHO. Bank of America Corp DE raised its position in M/I Homes by 18.8% in the second quarter. Bank of America Corp DE now owns 181,359 shares of the construction company’s stock valued at $4,803,000 after purchasing an additional 28,668 shares during the period. Advisors Asset Management Inc. raised its position in M/I Homes by 6,064.4% in the second quarter. Advisors Asset Management Inc. now owns 274,686 shares of the construction company’s stock valued at $126,000 after purchasing an additional 270,230 shares during the period. Bank of New York Mellon Corp raised its position in M/I Homes by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 538,575 shares of the construction company’s stock valued at $14,262,000 after purchasing an additional 3,352 shares during the period. Northern Trust Corp raised its position in M/I Homes by 4.6% in the second quarter. Northern Trust Corp now owns 351,744 shares of the construction company’s stock valued at $9,314,000 after purchasing an additional 15,435 shares during the period. Finally, United Services Automobile Association raised its position in M/I Homes by 67.2% in the second quarter. United Services Automobile Association now owns 137,672 shares of the construction company’s stock valued at $3,646,000 after purchasing an additional 55,321 shares during the period. 97.19% of the stock is currently owned by institutional investors.

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About M/I Homes

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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