M/I Homes, Inc. (NYSE:MHO – Get Free Report) CFO Phillip Creek sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $126.28, for a total transaction of $2,525,600.00. Following the completion of the sale, the chief financial officer owned 30,918 shares in the company, valued at $3,904,325.04. This represents a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
M/I Homes Stock Performance
Shares of NYSE MHO opened at $128.44 on Friday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 12.21 and a beta of 1.60. M/I Homes, Inc. has a one year low of $113.40 and a one year high of $163.66. The business has a fifty day simple moving average of $136.28 and a 200 day simple moving average of $137.76. The company has a current ratio of 7.54, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29.
M/I Homes (NYSE:MHO – Get Free Report) last issued its earnings results on Wednesday, October 21st. The construction company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.55). M/I Homes had a net margin of 6.59% and a return on equity of 10.12%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $3.92 earnings per share. M/I Homes’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that M/I Homes, Inc. will post 10.76 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on MHO shares. New Street Research set a $172.00 target price on M/I Homes in a report on Tuesday, August 4th. Freedom Broker decreased their price target on M/I Homes from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Wednesday, August 12th. Jefferies Financial Group set a $165.00 price objective on M/I Homes in a research note on Thursday, October 8th. Finally, Zelman & Associates cut M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.40.
Read Our Latest Research Report on M/I Homes
Institutional Trading of M/I Homes
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of M/I Homes in the second quarter valued at $769,776,000. Donald Smith & CO. Inc. bought a new stake in M/I Homes during the second quarter worth $223,736,000. Junto Capital Management LP raised its position in M/I Homes by 3.1% during the second quarter. Junto Capital Management LP now owns 338,298 shares of the construction company’s stock worth $54,395,000 after acquiring an additional 10,047 shares in the last quarter. Bank of America Corp DE acquired a new stake in M/I Homes in the second quarter valued at $31,561,000. Finally, Bank of New York Mellon Corp acquired a new stake in M/I Homes in the second quarter valued at $30,032,000. 95.14% of the stock is owned by institutional investors.
M/I Homes Company Profile
M/I Homes, Inc is a residential construction company that builds and sells single-family homes for a range of buyers, including first-time, move-up and luxury-home purchasers. Its operations include land acquisition and development, home design, construction, marketing and sales, with communities offered in suburban and metropolitan markets.
The company also provides services that support the homebuying process, including mortgage financing through M/I Financial and title-related services through its affiliated operations.
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