Meritage Homes Corp (NYSE:MTH) EVP Javier Feliciano sold 946 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $36.66, for a total transaction of $34,680.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of MTH stock traded up $0.51 during midday trading on Friday, reaching $38.76. 5,119 shares of the company were exchanged, compared to its average volume of 907,281. Meritage Homes Corp has a 12 month low of $32.02 and a 12 month high of $55.50. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.55 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.77.
Meritage Homes (NYSE:MTH) last released its earnings results on Wednesday, October 24th. The construction company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.03). Meritage Homes had a return on equity of 12.56% and a net margin of 5.43%. The business had revenue of $884.58 million during the quarter, compared to the consensus estimate of $899.55 million. On average, equities research analysts predict that Meritage Homes Corp will post 5.21 earnings per share for the current year.
MTH has been the topic of a number of recent analyst reports. Deutsche Bank upgraded shares of Meritage Homes from a “hold” rating to a “buy” rating in a research report on Monday, October 22nd. JPMorgan Chase & Co. downgraded shares of Meritage Homes from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $46.00 in a research report on Friday, September 21st. Evercore ISI upgraded shares of Meritage Homes from an “in-line” rating to an “outperform” rating and dropped their price target for the stock from $47.00 to $43.00 in a research report on Thursday, October 25th. They noted that the move was a valuation call. ValuEngine downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Finally, Bank of America set a $51.00 price target on shares of Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.64.
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About Meritage Homes
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 various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name.
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