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Meritage Homes Corp. (NYSE:MTH) COO Steven M. Davis unloaded 11,087 shares of Meritage Homes Corp. stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $45.00, for a total value of $498,915.00. Following the completion of the transaction, the chief operating officer now directly owns 25,000 shares of the company’s stock, valued at approximately $1,125,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on MTH. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Meritage Homes Corp. from $46.00 to $48.00 in a research note on Friday, February 7th. Separately, analysts at Goldman Sachs downgraded shares of Meritage Homes Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. They now have a $54.00 price target on the stock, up previously from $51.00. Finally, analysts at Barclays upgraded shares of Meritage Homes Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 27th. They now have a $58.00 price target on the stock, up previously from $49.00. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Meritage Homes Corp. presently has an average rating of “Hold” and an average price target of $49.92.

Shares of Meritage Homes Corp. (NYSE:MTH) traded down 0.31% on Wednesday, hitting $45.60. The stock had a trading volume of 574,239 shares. Meritage Homes Corp. has a one year low of $38.42 and a one year high of $52.95. The stock has a 50-day moving average of $46.36 and a 200-day moving average of $43.60. The company has a market cap of $1.653 billion and a price-to-earnings ratio of 14.07.

Meritage Homes Corp. (NYSE:MTH) last released its earnings data on Tuesday, February 4th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.16. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $537.80 million. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. Analysts expect that Meritage Homes Corp. will post $3.85 EPS for the current fiscal year.

Meritage Homes Corporation is a designer and builder of single-family attached and detached homes based on the number of home closings.

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