Meritage Homes Corp (NYSE: MTH) is -2.86% lower on its value in year-to-date trading and has touched a low of $69.26 and a high of $106.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTH stock was last observed hovering at around $71.85 in the last trading session, with the day’s gains setting it 2.86%.
Currently trading at $74.71, the stock is 1.04% and -2.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 3.98% at the moment leaves the stock -15.33% off its SMA200. MTH registered -6.38% loss for a year compared to 6-month loss of -24.56%.
The stock witnessed a -1.90% gain in the last 1 month and extending the period to 3 months gives it a -21.80%, and is -0.09% down 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 3.69% over the week and 3.04% over the month.
Meritage Homes Corp (MTH) has around 1898 employees, a market worth around $5.36B and $6.40B in sales. Current P/E ratio is 6.97 and Fwd P/E is 6.93. Profit margin for the company is 12.29%. Distance from 52-week low is 7.87% and -30.17% from its 52-week high. The company has generated returns on investments over the last 12 months (12.14%).
with sales reaching $1.34B over the same period.The EPS is expected to shrink by -12.39% this year, but quarterly earnings will post 4.98% year-over-year. Quarterly sales are estimated to shrink -8.50% in year-over-year returns.
The shares outstanding are 71.92M, and float is at 69.90M with Short Float at 4.40%.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.0 million shares valued at $970.96 million. The investor’s holdings represent 16.5215 of the MTH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.92 million shares valued at $634.54 million to account for 10.7971 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 1.32 million shares representing 7.2817 and valued at over $214.03 million, while STATE STREET CORP holds 4.6795 of the shares totaling 1.7 million with a market value of $275.01 million.
Meritage Homes Corp (MTH) Insider Activity
A total of 0 insider transactions have happened at Meritage Homes Corp (MTH) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Feliciano Javier, the company’s EVP Chief People Officer. SEC filings show that Feliciano Javier sold 4,862 shares of the company’s common stock on Mar 03 ’25 at a price of $72.07 per share for a total of $0.35 million. Following the sale, the insider now owns 36278.0 shares.
Meritage Homes Corp disclosed in a document filed with the SEC on Mar 03 ’25 that Lord Phillippe (Chief Executive Officer) sold a total of 36,167 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $71.30 per share for $2.58 million. Following the transaction, the insider now directly holds 0.23 million shares of the MTH stock.
Still, SEC filings show that on Mar 03 ’25, Sferruzza Hilla (EVP- Chief Financial Officer) disposed off 14,567 shares at an average price of $71.81 for $1.05 million. The insider now directly holds 108,367 shares of Meritage Homes Corp (MTH).
Meritage Homes Corp (MTH): Who are the competitors?
One of the company’s main competitors (and peers) include M/I Homes Inc. (MHO) that is trading -5.65% down over the past 12 months.D.R. Horton Inc. (DHI) lies in the list of competitors of the Meritage Homes Corp and is -14.82% lower over the same period from MTHLGI Homes Inc. (LGIH) is -34.99% down on the 1-year trading charts.
