Meritage Homes Corporation (NYSE: MTH) is -12.35% lower on its value in year-to-date trading and has touched a low of $25.24 and a high of $76.83 in the current 52-week trading range. The MTH stock was last observed hovering at around $53.56 in the last trading session, with the day’s loss setting it -1.0% off its average median price target of $55.00 for the next 12 months. It is also 21.55% off the consensus price target high of $67.00 offered by 7 analysts, but current levels are -38.32% lower than the price target low of $38.00 for the same period.
Currently trading at $52.56, the stock is 28.71% and 9.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 849522.0 and changing -1.87% at the moment leaves the stock -15.45% off its SMA200. MTH registered 4.71% gain for a year compared to 6-month loss of -25.80%. The firm has a 50-day simple moving average (SMA 50) of $39.54 and a 200-day simple moving average (SMA200) of $60.81.
The stock witnessed a 40.69% gain in the last 1 month and extending the period to 3 months gives it a -22.88%, and is 36.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.99% over the week and 8.31% over the month.
Meritage Homes Corporation (MTH) has around 1510 employees, a market worth around $1.95B and $3.67B in sales. Current P/E ratio is 8.37 and Fwd P/E is 9.67. Profit margin for the company is 6.80%. Distance from 52-week low is 108.24% and -31.59% from its 52-week high. The company has generated returns on investments over the last 12 months (8.30%).
Meritage Homes Corporation (MTH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Meritage Homes Corporation (MTH) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Meritage Homes Corporation is expected to release its quarterly report on 07/22/2020 and quarterly earnings per share for the current quarter are estimated at $0.89 with sales reaching $696.18M over the same period.The EPS is expected to grow by 16.40% this year, but quarterly earnings will post -18.50% year-over-year.
Meritage Homes Corporation (MTH) Top Institutional Holders
384 institutions hold shares in Meritage Homes Corporation (MTH), with 782.26k shares held by insiders accounting for 2.05% while institutional investors hold 108.48% of the company’s shares. The shares outstanding are 36.44M, and float is at 35.25M with Short Float at 3.92%. Institutions hold 106.25% of the Float.
Meritage Homes Corporation (MTH) Insider Activity
A total of 41 insider transactions have happened at Meritage Homes Corporation (MTH) in the last six months, with sales accounting for 17 and purchases happening 24 times. The most recent transaction is an insider sale by Lord Phillippe, the company’s Executive Vice President, COO. SEC filings show that Lord Phillippe sold 8,500 shares of the company’s common stock on Mar 04 at a price of $69.42 per share for a total of $590070.0. Following the sale, the insider now owns 40078.0 shares.
Meritage Homes Corporation disclosed in a document filed with the SEC on Feb 25 that HADDOCK GERALD W (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 25 and was made at $70.95 per share for $354750.0. Following the transaction, the insider now directly holds 12000.0 shares of the MTH stock.
Still, SEC filings show that on Feb 24, HADDOCK GERALD W (Director) disposed off 5,000 shares at an average price of $71.93 for $359650.0. The insider now directly holds 17,000 shares of Meritage Homes Corporation (MTH).
Meritage Homes Corporation (MTH): Who are the competitors?
The company’s main competitors (and peers) include M/I Homes Inc. (MHO) that is trading -2.41% down over the past 12 months. LGI Homes Inc. (LGIH) is -8.66% down on the 1-year trading charts. Short interest in the company’s stock has fallen -65.91% from the last report on Mar 12, 2020 to stand at a total of 2.19 million short shares sold with a short interest ratio of 1.77.