Meritage Homes Corp (MTH) CFO Hilla Sferruzza Sells 589 Shares

Meritage Homes Corp (NYSE:MTH) CFO Hilla Sferruzza sold 589 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $45.20, for a total transaction of $26,622.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Meritage Homes Corp (NYSE MTH) traded up $1.25 during mid-day trading on Wednesday, reaching $46.65. 269,494 shares of the company’s stock were exchanged, compared to its average volume of 467,760. Meritage Homes Corp has a twelve month low of $33.50 and a twelve month high of $55.50. The stock 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 current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.

Meritage Homes (NYSE:MTH) last announced its earnings results on Thursday, February 1st. The construction company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.09. Meritage Homes had a net margin of 4.44% and a return on equity of 10.76%. The business had revenue of $946.40 million during the quarter, compared to analysts’ expectations of $932.94 million. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. sell-side analysts predict that Meritage Homes Corp will post 5.06 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new stake in Meritage Homes during the fourth quarter valued at approximately $435,000. Earnest Partners LLC increased its holdings in Meritage Homes by 18.7% during the fourth quarter. Earnest Partners LLC now owns 2,080,250 shares of the construction company’s stock valued at $106,509,000 after buying an additional 327,413 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Meritage Homes during the fourth quarter valued at approximately $340,000. Kemnay Advisory Services Inc. purchased a new stake in Meritage Homes during the fourth quarter valued at approximately $1,315,000. Finally, Jefferies Group LLC purchased a new stake in Meritage Homes during the fourth quarter valued at approximately $641,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on MTH shares. ValuEngine raised shares of Meritage Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Bank of America raised shares of Meritage Homes from an “underperform” rating to a “neutral” rating and set a $55.00 price objective for the company in a report on Wednesday. Credit Suisse Group raised shares of Meritage Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $52.00 to $60.00 in a report on Monday, January 22nd. Citigroup raised shares of Meritage Homes from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, January 8th. Finally, Barclays raised shares of Meritage Homes from an “underweight” rating to an “equal weight” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Meritage Homes has a consensus rating of “Buy” and an average target price of $50.11.

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About Meritage Homes

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.

Insider Buying and Selling by Quarter for Meritage Homes (NYSE:MTH)

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