Phillip Creek, the Executive Vice President and Chief Financial Officer of M/I Homes Inc (MHO, Financial), executed a sale of 3,905 shares of the company on November 7, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 20,917 shares of M/I Homes Inc.
M/I Homes Inc, a prominent homebuilder, provides single-family residential construction services. The company operates across several regions in the United States, focusing on the design, construction, and sale of homes tailored to a range of market segments.
Over the past year, Phillip Creek has sold a total of 77,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend seen within the company, where there have been 20 insider sells and no insider buys over the last year.
On the date of the sale, shares of M/I Homes Inc were priced at $164.33, valuing the company with a market cap of approximately $4.47 billion. The price-earnings ratio of the stock stood at 8.81, below the industry median of 11.61, indicating a potentially lower valuation relative to peers.
The stock's GF Value is calculated at $75.42, leading to a price-to-GF-Value ratio of 2.18, which suggests that the stock is Significantly Overvalued according to GuruFocus metrics. The GF Value is derived from historical trading multiples, adjustments based on the company’s past performance, and future business expectations.
This insider sale might draw the attention of investors, especially considering the stock's current valuation levels and the overall insider selling trend at M/I Homes Inc.
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.
