Meritage Homes Corp (NYSE:MTH) EVP Javier Feliciano Sells 7,000 Shares
Meritage Homes Corp (NYSE:MTH) EVP Javier Feliciano sold 7,000 shares of Meritage Homes stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $101.47, for a total transaction of $710,290.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of MTH opened at $99.18 on Friday. The company’s fifty day moving average is $79.39 and its 200 day moving average is $63.44. Meritage Homes Corp has a fifty-two week low of $25.24 and a fifty-two week high of $103.32. The stock has a market capitalization of $3.76 billion, a PE ratio of 11.57, a P/E/G ratio of 0.59 and a beta of 1.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 9.05 and a current ratio of 1.42.
Meritage Homes (NYSE:MTH) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.86. Meritage Homes had a net margin of 8.35% and a return on equity of 16.93%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $890.96 million. As a group, research analysts forecast that Meritage Homes Corp will post 9.17 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MTH. Norges Bank purchased a new position in Meritage Homes during the fourth quarter worth $26,673,000. Echo Street Capital Management LLC purchased a new position in Meritage Homes during the first quarter worth $11,635,000. Nuveen Asset Management LLC boosted its stake in Meritage Homes by 137.3% during the first quarter. Nuveen Asset Management LLC now owns 466,100 shares of the construction company’s stock worth $17,018,000 after buying an additional 269,693 shares during the period. Macquarie Group Ltd. boosted its stake in Meritage Homes by 11.2% during the fourth quarter. Macquarie Group Ltd. now owns 1,042,604 shares of the construction company’s stock worth $63,714,000 after buying an additional 104,982 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Meritage Homes by 15.0% during the first quarter. Acadian Asset Management LLC now owns 540,458 shares of the construction company’s stock worth $19,730,000 after buying an additional 70,461 shares during the period. 97.57% of the stock is owned by 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.
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