Shares of Meritage Homes Corp (NYSE:MTH) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.33.
Several research firms recently weighed in on MTH. UBS Group reaffirmed a “neutral” rating and set a $57.00 target price (up from $52.00) on shares of Meritage Homes in a research note on Wednesday. Zacks Investment Research raised shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine raised shares of Meritage Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Citigroup raised their target price on shares of Meritage Homes from $46.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, October 30th.
Meritage Homes (NYSE:MTH) traded up $0.45 on Friday, reaching $52.15. 298,626 shares of the company traded hands, compared to its average volume of 363,056. The stock has a market capitalization of $2,084.86, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54. Meritage Homes has a 52 week low of $33.40 and a 52 week high of $55.50. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.85.
In other Meritage Homes news, Director Robert Gary Sarver sold 12,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $50.47, for a total transaction of $605,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Javier Feliciano sold 1,009 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total transaction of $35,869.95. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in shares of Meritage Homes in the 4th quarter worth about $460,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Meritage Homes by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 275,390 shares of the construction company’s stock worth $14,100,000 after acquiring an additional 5,422 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in shares of Meritage Homes in the 3rd quarter worth about $1,204,000. California Public Employees Retirement System lifted its holdings in shares of Meritage Homes by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 51,400 shares of the construction company’s stock worth $2,282,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of Meritage Homes by 2.2% in the 3rd quarter. Earnest Partners LLC now owns 1,752,837 shares of the construction company’s stock worth $77,826,000 after acquiring an additional 37,201 shares during the last quarter.
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Meritage Homes Company Profile
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.
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