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

M/I Homes, Inc. (NYSE:MHO) CFO Phillip Creek sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total value of $1,512,800.00. Following the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

M/I Homes Price Performance

NYSE:MHO opened at $151.40 on Friday. M/I Homes, Inc. has a 12-month low of $116.78 and a 12-month high of $163.66. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.74 and a beta of 1.60. The stock’s 50 day moving average price is $148.17 and its two-hundred day moving average price is $137.53. The company has a quick ratio of 1.59, a current ratio of 7.65 and a debt-to-equity ratio of 0.29.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, topping the consensus estimate of $3.13 by $0.01. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $4.42 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts anticipate that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of M/I Homes in the second quarter valued at about $769,776,000. Donald Smith & CO. Inc. raised its stake in M/I Homes by 5.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after purchasing an additional 82,090 shares in the last quarter. State Street Corp raised its stake in M/I Homes by 2.2% in the 4th quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock worth $171,093,000 after purchasing an additional 28,187 shares in the last quarter. Millennium Management LLC boosted its holdings in M/I Homes by 107.5% in the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after purchasing an additional 225,120 shares during the period. Finally, Royce & Associates LP boosted its holdings in M/I Homes by 5.3% in the 4th quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after purchasing an additional 16,445 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MHO shares. New Street Research set a $172.00 price objective on shares of M/I Homes in a report on Tuesday. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, M/I Homes has a consensus rating of “Moderate Buy” and an average price target 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.