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.

A number of research analysts have commented on MTH shares. Zacks Investment Research upgraded Meritage Homes from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research report on Tuesday, May 26th. Goldman Sachs Group upgraded Meritage Homes from a “sell” rating to a “neutral” rating and increased their price objective for the company from $64.00 to $80.00 in a research report on Thursday, July 16th. Credit Suisse Group increased their price objective on Meritage Homes from $96.00 to $113.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wells Fargo & Co increased their price objective on Meritage Homes from $40.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upgraded Meritage Homes from a “neutral” rating to an “overweight” rating and set a $88.00 price objective on the stock in a research report on Thursday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $82.33.

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

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