Meritage Homes Corp (NYSE:MTH) insider Phillippe Lord sold 537 shares of Meritage Homes stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $45.20, for a total transaction of $24,272.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Meritage Homes Corp (NYSE MTH) traded up $1.25 during mid-day trading on Wednesday, hitting $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 12-month low of $33.50 and a 12-month high of $55.50. The stock has a market capitalization of $1,880.00, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.87 and a quick ratio of 0.70.
Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. Meritage Homes had a net margin of 4.44% and a return on equity of 10.76%. The firm had revenue of $946.40 million for the quarter, compared to analysts’ expectations of $932.94 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. research analysts expect that Meritage Homes Corp will post 5.06 EPS for the current fiscal year.
A number of equities analysts recently commented on MTH shares. UBS Group started coverage on shares of Meritage Homes in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $52.00 target price on the stock. Citigroup lifted their target price on shares of Meritage Homes from $46.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of Meritage Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded shares of Meritage Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $52.00 to $60.00 in a research report on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.11.
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.
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