Meritage Homes Corp (NYSE:MTH) EVP C Timothy White sold 7,333 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $45.20, for a total value of $331,451.60. Following the sale, the executive vice president now owns 48,705 shares in the company, valued at approximately $2,201,466. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Meritage Homes Corp (NYSE:MTH) traded up $1.15 during trading on Wednesday, reaching $46.65. The company had a trading volume of 269,494 shares, compared to its average volume of 467,760. Meritage Homes Corp has a 52-week low of $33.50 and a 52-week high of $55.50. The firm has a market capitalization of $1,880.00, a PE ratio of 13.64, a P/E/G ratio of 0.67 and a beta of 1.29. The company has a quick ratio of 0.70, a current ratio of 0.87 and a debt-to-equity ratio of 0.81.
Meritage Homes (NYSE:MTH) last issued its earnings results on Thursday, February 1st. The construction company reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.09. Meritage Homes had a return on equity of 10.76% and a net margin of 4.44%. The firm had revenue of $946.40 million for the quarter, compared to analysts’ expectations of $932.94 million. During the same quarter last year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. analysts predict that Meritage Homes Corp will post 5.06 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of MTH. Teachers Advisors LLC boosted its holdings in Meritage Homes by 2.9% in the second quarter. Teachers Advisors LLC now owns 76,262 shares of the construction company’s stock valued at $3,218,000 after acquiring an additional 2,151 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Meritage Homes by 1.9% during the second quarter. UBS Asset Management Americas Inc. now owns 23,005 shares of the construction company’s stock worth $971,000 after purchasing an additional 419 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Meritage Homes by 1.1% during the second quarter. Vanguard Group Inc. now owns 3,334,402 shares of the construction company’s stock worth $140,712,000 after purchasing an additional 37,025 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Meritage Homes by 2.2% during the second quarter. California Public Employees Retirement System now owns 50,300 shares of the construction company’s stock worth $2,123,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Meritage Homes during the second quarter worth about $250,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
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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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