Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Phillip G. Creek, the Executive Vice President and Chief Financial Officer of M/I Homes, Inc. (NYSE:MHO), recently sold shares of the company worth $463,073, according to a filing with the Securities and Exchange Commission. The transactions, which took place over two consecutive days, involved the sale of 4,011 common shares. According to InvestingPro data, the company appears undervalued despite trading at a modest P/E ratio of 5.86, with management actively pursuing share buybacks.
On February 19, Creek sold 1,859 shares at a price of $114.815 each. The following day, he sold an additional 2,152 shares at $116 per share. After these transactions, Creek’s direct ownership in M/I Homes stands at 27,071 shares. The company maintains strong financial health with a current ratio of 7.02, indicating robust liquidity.
These sales come as part of routine transactions by company insiders, which are closely monitored by investors for potential insights into the company’s financial health and future performance. InvestingPro analysis reveals 13 additional investment tips for MHO, available to subscribers along with comprehensive valuation metrics and growth forecasts.
In other recent news, M/I Homes reported its fourth-quarter earnings for 2024, showcasing a record revenue of $1.2 billion, which represents a 24% increase compared to the previous year. Despite this revenue growth, the company’s earnings per share (EPS) fell short of expectations, coming in at $4.71 against the forecasted $4.97. The company also announced a new share repurchase program, authorizing the buyback of up to $250 million of its common shares, replacing a previous plan that had $107 million remaining.
M/I Homes has also highlighted improved gross margins for the full year at 26.6%, an increase of 130 basis points from 2023. Analyst discussions have noted potential margin compression in 2025, which may impact future performance. The company plans to continue its growth strategy by expanding its community count and focusing on strategic locations. Additionally, M/I Homes has been actively managing its financial position, ending the year with $822 million in cash and no borrowings under its unsecured revolving credit facility.
These developments follow a year where the company delivered 9,055 homes, marking a 12% increase from 2023. M/I Homes remains focused on maintaining its sales pace through strategic investments and community expansion, while also managing the challenges of market conditions and rising costs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.