Meritage Homes Corp. (NYSE: MTH) is 11.29% higher on its value in year-to-date trading and has touched a low of $109.23 and a high of $193.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTH stock was last observed hovering at around $190.02 in the last trading session, with the day’s gains setting it 3.85%.
Currently trading at $193.87, the stock is 17.42% and 13.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 2.03% at the moment leaves the stock 23.97% off its SMA200. MTH registered 32.55% gain for a year compared to 6-month loss of 15.06%.
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The stock witnessed a 16.49% gain in the last 1 month and extending the period to 3 months gives it a 29.13%, and is 10.92% 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 4.02% over the week and 3.00% over the month.
Meritage Homes Corp. (MTH) has around 1838 employees, a market worth around $7.04B and $6.33B in sales. Current P/E ratio is 9.04 and Fwd P/E is 9.07. Profit margin for the company is 12.54%. Distance from 52-week low is 77.49% and 0.18% from its 52-week high. The company has generated returns on investments over the last 12 months (13.87%).
The EPS is expected to grow by 1.71% this year
The shares outstanding are 36.43M, and float is at 35.40M with Short Float at 3.37%.
Meritage Homes Corp. (MTH) Insider Activity
The most recent transaction is an insider sale by Lord Phillippe, the company’s Chief Executive Officer. SEC filings show that Lord Phillippe sold 2,500 shares of the company’s common stock on Mar 13 ’24 at a price of $162.79 per share for a total of $0.41 million. Following the sale, the insider now owns 0.1 million shares.
Meritage Homes Corp. disclosed in a document filed with the SEC on Mar 04 ’24 that Lord Phillippe (Chief Executive Officer) sold a total of 18,119 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $158.22 per share for $2.87 million. Following the transaction, the insider now directly holds 0.1 million shares of the MTH stock.
Still, SEC filings show that on Mar 04 ’24, HILTON STEVEN J (Executive Chairman) disposed off 4,705 shares at an average price of $158.39 for $0.75 million. The insider now directly holds 388,971 shares of Meritage Homes Corp. (MTH).
