Phillip Creek, the Executive Vice President and Chief Financial Officer of M/I Homes Inc (MHO, Financial), executed a sale of 9,403 shares of the company on November 7, 2024. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 29,223 shares of M/I Homes Inc.
M/I Homes Inc, a prominent homebuilder, provides single-family residential homes. 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 purchased any shares. This recent transaction is part of a broader trend observed within M/I Homes Inc, where there have been 20 insider sells and no insider buys over the past year.
On the date of the sale, shares of M/I Homes Inc were priced at $158.75, positioning the company with a market cap of approximately $4.47 billion. The price-earnings ratio of the stock stands at 8.81, which is below the industry median of 11.61.
The stock's valuation, according to the GF Value, is calculated at $75.42, indicating that with a current price of $158.75, M/I Homes Inc is significantly overvalued with a price-to-GF-Value ratio of 2.1.
The GF Value is derived from historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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.
