M/I Homes, Inc. (NYSE:MHO) CFO Sells $1,316,483.00 in Stock

M/I Homes, Inc. (NYSE:MHO – Get Rating) CFO Phillip G. Creek sold 19,649 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $67.00, for a total value of $1,316,483.00. Following the transaction, the chief financial officer now owns 6,513 shares of the company’s stock, valued at $436,371. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website.

M/I Homes Stock Down 0.8 %

Shares of NYSE MHO opened at $67.09 on Tuesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 3.78 and a beta of 1.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.69 and a quick ratio of 0.93. The business has a 50-day moving average of $60.86 and a two-hundred day moving average of $52.77. M/I Homes, Inc. has a 1 year low of $34.33 and a 1 year high of $68.27.

M/I Homes (NYSE:MHO – Get Rating) last posted its earnings results on Wednesday, February 1st. The construction company reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $4.16 by $0.99. M/I Homes had a return on equity of 25.76% and a net margin of 11.75%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, analysts forecast that M/I Homes, Inc. will post 11.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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A number of research analysts recently issued reports on the company. Wedbush lifted their target price on M/I Homes from $63.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, February 6th. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 26th.

Institutional Trading of M/I Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of M/I Homes by 0.3% during the fourth quarter. Legal & General Group Plc now owns 65,727 shares of the construction company’s stock worth $3,035,000 after purchasing an additional 177 shares in the last quarter. GSA Capital Partners LLP increased its position in M/I Homes by 2.8% in the 4th quarter. GSA Capital Partners LLP now owns 6,813 shares of the construction company’s stock valued at $315,000 after acquiring an additional 186 shares during the period. The State Board of Administration of Florida Retirement System increased its position in M/I Homes by 3.7% in the 4th quarter. The State Board of Administration of Florida Retirement System now owns 6,505 shares of the construction company’s stock valued at $300,000 after acquiring an additional 230 shares during the period. Rhumbline Advisers increased its position in M/I Homes by 0.3% in the 1st quarter. Rhumbline Advisers now owns 89,475 shares of the construction company’s stock valued at $3,968,000 after acquiring an additional 234 shares during the period. Finally, Mutual Advisors LLC increased its position in M/I Homes by 0.7% in the 1st quarter. Mutual Advisors LLC now owns 33,329 shares of the construction company’s stock valued at $2,103,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

About M/I Homes

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M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.

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