Meritage Homes Corp (NYSE:MTH) Director Gerald W. Haddock Sells 6,500 Shares
Meritage Homes Corp (NYSE:MTH) Director Gerald W. Haddock sold 6,500 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $95.95, for a total value of $623,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MTH stock opened at $100.05 on Friday. The business’s fifty day moving average is $78.89 and its 200-day moving average is $63.26. The company has a quick ratio of 9.05, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $3.76 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 0.58 and a beta of 1.75. Meritage Homes Corp has a twelve month low of $25.24 and a twelve month high of $103.32.
Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.86. The company 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%. Research analysts anticipate that Meritage Homes Corp will post 9.17 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd raised its stake in Meritage Homes by 1,065.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 781 shares of the construction company’s stock worth $48,000 after buying an additional 714 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Meritage Homes during the 2nd quarter worth $66,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Meritage Homes by 22.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,164 shares of the construction company’s stock worth $71,000 after buying an additional 210 shares during the period. Point72 Asset Management L.P. acquired a new stake in Meritage Homes during the 4th quarter worth $135,000. Finally, Advisor Group Holdings Inc. acquired a new stake in Meritage Homes during the 1st quarter worth $154,000. 97.57% of the stock is currently owned by institutional investors and hedge funds.
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.
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