For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $70.42 in the prior trading day, Meritage Homes Corp (NYSE: MTH) closed at $70.46, up 0.06%. In other words, the price has increased by $0.06 from its previous closing price. On the day, 0.82 million shares were traded. MTH stock price reached its highest trading level at $70.69 during the session, while it also had its lowest trading level at $69.2.
Ratios:
Our goal is to gain a better understanding of MTH by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 9.97. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.26.
On December 13, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $220 to $197.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’25 when Keough Joseph bought 5,000 shares for $69.28 per share. The transaction valued at 346,400 led to the insider holds 37,700 shares of the business.
Feliciano Javier sold 4,862 shares of MTH for $350,408 on Mar 03 ’25. The EVP Chief People Officer now owns 36,278 shares after completing the transaction at $72.07 per share. On Mar 03 ’25, another insider, Lord Phillippe, who serves as the Chief Executive Officer of the company, sold 36,167 shares for $71.30 each. As a result, the insider received 2,578,554 and left with 228,270 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTH now has a Market Capitalization of 5056625664 and an Enterprise Value of 5796774400. As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.58, and their Forward P/E ratio for the next fiscal year is 6.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 0.906 whereas that against EBITDA is 5.889.
Stock Price History:
The Beta on a monthly basis for MTH is 1.70, which has changed by -0.105383456 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, MTH has reached a high of $106.99, while it has fallen to a 52-week low of $68.93. The 50-Day Moving Average of the stock is -7.12%, while the 200-Day Moving Average is calculated to be -19.58%.
Shares Statistics:
The stock has traded on average 1.03M shares per day over the past 3-months and 1174960 shares per day over the last 10 days, according to various share statistics. A total of 71.92M shares are outstanding, with a floating share count of 69.85M. Insiders hold about 2.67% of the company’s shares, while institutions hold 99.44% stake in the company. Shares short for MTH as of 1740700800 were 2995694 with a Short Ratio of 2.92, compared to 1738281600 on 3111529. Therefore, it implies a Short% of Shares Outstanding of 2995694 and a Short% of Float of 6.0100004.
Dividends & Splits
In the trailing 12 months, MTH’s forward annual dividend rate was 1.5, compared to 2.68 this year. Against a Trailing Annual Dividend Yield of 0.021431634The current Payout Ratio is 13.99% for MTH, which recently paid a dividend on 2025-03-17 with an ex-dividend date of 1742169600. Stock splits for the company last occurred on 2025-01-03 when the company split stock in a 2:1 ratio.
