Meritage Homes Corp (NYSE:MTH) CFO Hilla Sferruzza sold 6,900 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $102.04, for a total value of $704,076.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:MTH opened at $100.05 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 9.05. Meritage Homes Corp has a 1 year low of $25.24 and a 1 year high of $103.32. The stock’s 50 day simple moving average is $78.89 and its two-hundred day simple moving average is $63.26. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.61 and a beta of 1.75.

Meritage Homes (NYSE:MTH) last released its earnings results on Wednesday, July 22nd. The construction company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.86. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $890.96 million. Meritage Homes had a return on equity of 16.93% and a net margin of 8.35%. As a group, analysts anticipate that Meritage Homes Corp will post 9.17 EPS for the current year.

A number of brokerages recently commented on MTH. TheStreet raised Meritage Homes from a “c+” rating to a “b-” rating in a research note on Friday, May 22nd. Evercore ISI upgraded Meritage Homes to an “outperform” rating in a report on Thursday, July 23rd. Cfra reduced their price target on Meritage Homes from $87.00 to $65.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 29th. JPMorgan Chase & Co. upgraded Meritage Homes from a “neutral” rating to an “overweight” rating and set a $88.00 price objective for the company in a report on Thursday, June 11th. Finally, Zacks Investment Research upgraded Meritage Homes from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Meritage Homes presently has a consensus rating of “Buy” and a consensus target price of $82.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTH. Norges Bank bought a new position in shares of Meritage Homes during the 4th quarter valued at approximately $26,673,000. Echo Street Capital Management LLC bought a new position in shares of Meritage Homes during the 1st quarter valued at approximately $11,635,000. Nuveen Asset Management LLC increased its position in shares of Meritage Homes by 137.3% during the 1st quarter. Nuveen Asset Management LLC now owns 466,100 shares of the construction company’s stock valued at $17,018,000 after purchasing an additional 269,693 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Meritage Homes by 11.2% during the 4th quarter. Macquarie Group Ltd. now owns 1,042,604 shares of the construction company’s stock valued at $63,714,000 after purchasing an additional 104,982 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Meritage Homes by 15.0% during the 1st quarter. Acadian Asset Management LLC now owns 540,458 shares of the construction company’s stock valued at $19,730,000 after purchasing an additional 70,461 shares during the last quarter. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Homes Company Profile

Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers luxury homes; and title insurance and closing/settlement services to its homebuyers.

See Also: Neutral Rating

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

Receive News & Ratings for Meritage Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritage Homes and related companies with MarketBeat.com's FREE daily email newsletter.