Insider Selling: M/I Homes VP Sells 10,000 Shares of Stock (MHO)
M/I Homes (NYSE:MHO) VP J Thomas Mason sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of M/I Homes (NYSE:MHO) remained flat at $22.74 during trading on Thursday. 120,146 shares of the company’s stock traded hands. M/I Homes has a 1-year low of $17.82 and a 1-year high of $26.30. The stock’s 50-day moving average is $21.91 and its 200-day moving average is $22.69. The company has a market cap of $556.5 million and a P/E ratio of 4.32.
M/I Homes (NYSE:MHO) last announced its earnings results on Thursday, July 24th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.03. The company had revenue of $275.14 million for the quarter, compared to the consensus estimate of $264.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts expect that M/I Homes will post $1.60 EPS for the current fiscal year.
A number of research firms have recently commented on MHO. Analysts at Zacks downgraded shares of M/I Homes from a “neutral” rating to an “underperform” rating in a research note on Friday, August 1st. They now have a $19.60 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of M/I Homes in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock, down previously from $27.50. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.53.
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations and reporting segments: homebuilding and financial services.
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