New insider activity at M/I Homes ( (MHO) ) has taken place on February 14, 2025.
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In recent transactions involving M/I Homes stock, former Vice President and CFO Phillip Creek sold 8,847 shares, netting a total of $1,026,252. Additionally, Director Robert Schottenstein sold 14,743 shares, amounting to $1,710,188.
Recent Updates on MHO stock
In the last 24 hours, M/I Homes announced a new $250 million share repurchase authorization, replacing the previous plan with $107 million remaining. Their recent earnings report highlighted a record year with a 12% increase in revenue to $4.5 billion and a 19% rise in homes delivered during Q4. Despite these achievements, the company’s Q4 EPS of $4.71 fell short of the $4.83 consensus. Analyst Buck Horne from Raymond James lowered the price target due to anticipated gross margin pressure caused by a ‘higher for longer’ mortgage rate scenario, despite the company’s strong return on invested capital and a net debt-free balance sheet. M/I Homes is optimistic about future growth, supported by favorable demographics and a significant lot supply, although they face challenges with rising mortgage rates and market-specific pressures, particularly in Tampa.
More about M/I Homes
YTD Price Performance: -10.37%
Average Trading Volume: 302,895
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.19B