New insider activity at M/I Homes ( (MHO) ) has taken place on February 15, 2025.
Phillip Creek, the former Vice President and CFO, has recently sold a significant portion of his M/I Homes stock. In two separate transactions, Creek sold a total of 10,063 shares, translating to a combined sale value of $1,181,274. The first transaction involved the sale of 9,643 shares, bringing in $1,131,680, while the second transaction saw 420 shares sold for $49,594.
Recent Updates on MHO stock
M/I Homes recently announced a new share repurchase authorization of up to $250 million, replacing a prior authorization. The company reported record-breaking financial performance for 2024, with revenue and net income significantly increasing. However, challenges in the fourth quarter included rising mortgage rates and market-specific pressures in Tampa, affecting margins. Raymond James lowered the price target for M/I Homes, citing the company’s ability to maintain a high return on invested capital amidst a ‘higher for longer’ mortgage rate scenario. Despite these challenges, M/I Homes remains optimistic about future growth, supported by strategic management and a strong financial position.
More about M/I Homes
YTD Price Performance: -9.82%
Average Trading Volume: 303,507
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.21B
Questions or Comments about the article? Write to editor@tipranks.com