M/I Homes, Inc. (NYSE:MHO) Insider Susan E. Krohne Sells 9,000 Shares

M/I Homes, Inc. (NYSE:MHO) insider Susan E. Krohne sold 9,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $122.00, for a total value of $1,098,000.00. Following the completion of the sale, the insider now owns 3,609 shares of the company’s stock, valued at $440,298. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $121.22 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.51 and a quick ratio of 1.86. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 6.97 and a beta of 2.13. The stock’s 50-day moving average is $123.25 and its 200-day moving average is $116.84. M/I Homes, Inc. has a one year low of $65.42 and a one year high of $140.73.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. Equities analysts predict that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MHO. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday. Wedbush reissued a “neutral” rating and set a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio lifted its position in M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC bought a new stake in M/I Homes during the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes during the fourth quarter worth about $29,000. USA Financial Formulas boosted its position in M/I Homes by 578.1% during the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.