Meritage Homes Corp (NYSE: MTH) is -11.44% lower on its value in year-to-date trading and has touched a low of $59.27 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 $66.51 in the last trading session, with the day’s gains setting it 1.6%.
Currently trading at $68.11, the stock is 2.47% and -2.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 2.41% at the moment leaves the stock -19.56% off its SMA200. MTH registered -23.06% loss for a year compared to 6-month loss of -25.74%.
The stock witnessed a 3.20% gain in the last 1 month and extending the period to 3 months gives it a -11.74%, and is -0.04% 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 2.71% over the week and 4.86% over the month.
Meritage Homes Corp (MTH) has around 1898 employees, a market worth around $4.89B and $6.28B in sales. Current P/E ratio is 6.90 and Fwd P/E is 7.44. Profit margin for the company is 11.50%. Distance from 52-week low is 14.91% and -36.34% from its 52-week high. The company has generated returns on investments over the last 12 months (10.28%).
The EPS is expected to shrink by -22.74% this year
The shares outstanding are 71.83M, and float is at 69.91M with Short Float at 3.33%.
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 33.033 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 21.5876 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.7 million shares representing 9.3562 and valued at over $275.01 million, while DIMENSIONAL FUND ADVISORS LP holds 8.8875 of the shares totaling 1.61 million with a market value of $261.24 million.
Meritage Homes Corp (MTH) Insider Activity
The most recent transaction is an insider purchase by Keough Joseph, the company’s Director. SEC filings show that Keough Joseph bought 5,000 shares of the company’s common stock on Mar 13 ’25 at a price of $69.28 per share for a total of $0.35 million. Following the purchase, the insider now owns 37700.0 shares.
Meritage Homes Corp disclosed in a document filed with the SEC on Mar 03 ’25 that Feliciano Javier (EVP Chief People Officer) sold a total of 4,862 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $72.07 per share for $0.35 million. Following the transaction, the insider now directly holds 36278.0 shares of the MTH stock.
Still, SEC filings show that on Mar 03 ’25, Lord Phillippe (Chief Executive Officer) disposed off 36,167 shares at an average price of $71.30 for $2.58 million. The insider now directly holds 228,270 shares of Meritage Homes Corp (MTH).
