On August 27, 2024, Robert Schottenstein, Chairman, Chief Executive Officer & President of M/I Homes Inc (NYSE:MHO), sold 4,778 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 115,925 shares of M/I Homes Inc.
M/I Homes Inc., based in Columbus, Ohio, is a single-family home builder. The company operates in multiple states and provides design, construction and sales services for its proprietary residential projects.
Over the past year, Robert Schottenstein has sold a total of 50,855 shares and purchased no shares of the company. This recent sale is part of a broader trend within the company, where there were 13 insider sales and no insider purchases over the past year.
M/I Homes Inc. shares were trading at $163.94 on the day of the transaction. The company has a market capitalization of around $4.37 billion. The stock’s price-to-earnings ratio is 8.68, which is below the industry average of 12.43.
The GF Value of the stock is estimated at $71.84, which suggests that M/I Homes Inc. is significantly overvalued with its current price of $163.94 and a Price to GF Value ratio of 2.28.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale may be of interest to investors who monitor insider behavior as an indicator of the company’s future performance and valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
