M/I Homes, Inc. (NYSE:MHO) Insider Sells $1,098,000.00 in Stock

M/I Homes, Inc. (NYSE:MHO) insider Susan E. Krohne sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

M/I Homes Stock Up 1.0 %

MHO stock opened at $121.22 on Tuesday. The stock’s 50 day simple moving average is $123.25 and its 200 day simple moving average is $116.84. The company has a market cap of $3.37 billion, a P/E ratio of 6.97 and a beta of 2.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 6.51. M/I Homes, Inc. has a fifty-two week low of $65.42 and a fifty-two week high of $140.73.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. On average, research analysts expect that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Voss Capital LLC bought a new stake in shares of M/I Homes during the fourth quarter worth about $3,444,000. Seven Eight Capital LP bought a new stake in M/I Homes during the 3rd quarter worth approximately $247,000. Vanguard Group Inc. raised its stake in shares of M/I Homes by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after purchasing an additional 43,417 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of M/I Homes by 143.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock valued at $3,620,000 after purchasing an additional 15,481 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $9,262,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

About M/I Homes

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.