Phillip Creek, Executive Vice President and CFO of M/I Homes Inc (MHO, Financial), executed a sale of 15,328 shares in the company on February 12, 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 the construction and sale of homes. It also provides mortgage financing, title, and closing services primarily to the customers of its homebuilding operations.
Over the past year, the insider has sold a total of 91,944 shares and has not made any purchases. The recent transaction is part of a series of sales by the insider, with no insider buys reported over the past year. There have been 18 insider sells in total during the same timeframe.
On the date of the latest transaction, shares of M/I Homes Inc were trading at $123.09, resulting in a market capitalization of $3.326 billion. The price-earnings ratio of the stock stands at 7.36, which is below both the industry median of 10.28 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.79, with a current share price of $123.09 and a GuruFocus Value of $68.62. This indicates that M/I Homes Inc is significantly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's recent sale may provide investors with insight into the insider's perspective on the stock's current valuation and future prospects.
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.
