Key Points
- Insider Susan Krohne sold 5,000 shares of M/I Homes on Jan. 30 at an average price of $134.28 for proceeds of $671,400, cutting her ownership by about 44.77% to 6,167 shares.
- Q4 results: M/I Homes reported EPS of $3.91 (vs. $3.88 consensus) and revenue of $1.15 billion (slightly below estimates), with revenue down roughly 4.9% year‑over‑year.
- The company’s board approved a $250 million share buyback (up to ~7.4% of shares), and analysts hold a "Moderate Buy" consensus with an average price target of $161.67.
M/I Homes, Inc. (NYSE:MHO - Get Free Report) insider Susan Krohne sold 5,000 shares of M/I Homes stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $134.28, for a total value of $671,400.00. Following the transaction, the insider owned 6,167 shares of the company's stock, valued at $828,104.76. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
M/I Homes Stock Down 0.0%
MHO opened at $133.66 on Tuesday. The stock's fifty day simple moving average is $133.31 and its 200 day simple moving average is $135.31. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $158.92. The stock has a market cap of $3.50 billion, a PE ratio of 9.09 and a beta of 1.77. The company has a current ratio of 7.54, a quick ratio of 1.72 and a debt-to-equity ratio of 0.31.
M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, topping analysts' consensus estimates of $3.88 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.16 billion. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.71 earnings per share. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.
M/I Homes announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 12th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.
Hedge Funds Weigh In On M/I Homes
A number of hedge funds have recently added to or reduced their stakes in MHO. Strs Ohio raised its holdings in M/I Homes by 3.7% in the 4th quarter. Strs Ohio now owns 72,500 shares of the construction company's stock valued at $9,276,000 after acquiring an additional 2,600 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of M/I Homes in the fourth quarter worth $1,074,000. State of New Jersey Common Pension Fund D raised its stake in M/I Homes by 13.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 17,411 shares of the construction company's stock valued at $2,228,000 after purchasing an additional 2,083 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in M/I Homes by 10.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,025 shares of the construction company's stock worth $515,000 after purchasing an additional 383 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in M/I Homes by 34.8% during the fourth quarter. Teacher Retirement System of Texas now owns 51,060 shares of the construction company's stock worth $6,533,000 after buying an additional 13,189 shares in the last quarter. Institutional investors own 95.14% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on MHO shares. Citizens Jmp started coverage on shares of M/I Homes in a research report on Wednesday, January 7th. They set a "market outperform" rating and a $165.00 price objective for the company. Oppenheimer set a $165.00 target price on M/I Homes in a research note on Friday. Raymond James Financial lifted their price target on M/I Homes from $150.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Friday, October 24th. Citigroup reaffirmed a "market outperform" rating on shares of M/I Homes in a report on Friday. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of M/I Homes in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.67.
View Our Latest Analysis on M/I Homes
M/I Homes Company Profile
(
Get Free Report)
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.
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