Phillip Creek, Executive Vice President and CFO of M/I Homes Inc (MHO, Financial), sold 4,705 shares of the company on February 12, 2024, according to a recent SEC Filing. The transaction was executed at a stock price of $123.52, resulting in a total value of $581,262.60.
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. M/I Homes provides financial services to its customers through its subsidiary, M/I Financial, which offers mortgage and title services.
Over the past year, the insider has sold a total of 96,649 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been 19 insider sells and no insider buys.
On the date of the insider's recent sale, shares of M/I Homes Inc were trading at $123.52, giving the company a market capitalization of $3.417 billion. The price-earnings ratio stood at 7.56, below both the industry median of 10.09 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.8, indicating that M/I Homes Inc was significantly overvalued according to the GF Value, which was $68.62 at the time. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at M/I Homes Inc.
The GF Value image provides a visual representation of the stock's valuation in comparison to its intrinsic value estimate.
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.
