Phillip Creek, the Executive Vice President and Chief Financial Officer of M/I Homes Inc (MHO, Financial), sold 2,372 shares of the company on November 7, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 18,545 shares of M/I Homes Inc.
M/I Homes Inc, headquartered in Columbus, Ohio, is a builder of single-family homes. The company operates in multiple states and provides construction and related services for its own projects and for third parties.
Over the past year, Phillip Creek has sold a total of 77,000 shares and has not purchased any shares. This recent sale is part of a broader trend within M/I Homes Inc, where there have been 20 insider sells and no insider buys over the past year.
On the day of the sale, shares of M/I Homes Inc were trading at $164.88, giving the company a market cap of approximately $4.47 billion. The price-earnings ratio of the stock stands at 8.81, which is lower than the industry median of 11.61.
The stock's valuation according to the GF Value is $75.42, indicating a price-to-GF-Value ratio of 2.19. This suggests that M/I Homes Inc is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the stock's current valuation metrics against historical and industry standards.
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.
