M/I Homes, Inc. (NYSE:MHO) CEO Sells $347,024.68 in Stock

M/I Homes, Inc. (NYSE:MHO) CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

M/I Homes Price Performance

NYSE:MHO opened at $153.91 on Monday. The firm’s fifty day moving average is $132.52 and its two-hundred day moving average is $127.23. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 8.86 and a beta of 2.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.99 and a current ratio of 6.62. M/I Homes, Inc. has a one year low of $74.79 and a one year high of $173.86.

M/I Homes (NYSE:MHO) last issued its earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same quarter in the prior year, the business earned $4.12 earnings per share. Research analysts expect that M/I Homes, Inc. will post 18.34 EPS for the current year.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of M/I Homes during the 4th quarter valued at about $27,000. Signaturefd LLC grew its holdings in M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the period. USA Financial Formulas increased its position in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. CWM LLC raised its stake in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of M/I Homes during the 1st quarter valued at approximately $68,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MHO. Raymond James increased their price objective on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday. Wedbush reiterated a “neutral” rating and issued a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.

M/I Homes Company Profile

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.