Phillip Creek, Executive Vice President and CFO of M/I Homes Inc (MHO, Financial), sold 1,967 shares of the company on February 9, 2024, according to a recent SEC Filing. M/I Homes Inc is a builder of single-family homes. The company operates in the Midwest, Mid-Atlantic and Southern regions of the United States and is engaged in land acquisition and development, as well as home construction.
Over the past year, the insider has sold a total of 76,616 shares and has not made any purchases of the stock.
The insider transaction history for M/I Homes Inc shows a pattern of selling activity, with 0 insider buys and 17 insider sells over the past year.
On the day of the insider's recent sale, shares of M/I Homes Inc were trading at $123, resulting in a market cap of $3.508 billion.
The price-earnings ratio of the stock is 7.76, which is lower than the industry median of 10.195 but higher than the company’s historical median price-earnings ratio.
With a trading price of $123 and a GuruFocus Value of $68.62, M/I Homes Inc has a price-to-GF-Value ratio of 1.79, indicating that the stock is Significantly Overvalued according to its GF Value.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
