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After finishing at $67.69 in the prior trading day, Meritage Homes Corp (NYSE: MTH) closed at $66.96, down -1.08%. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 0.74 million shares were traded.
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 1.90 and its Current Ratio is at 10.94. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.35.
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:
As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.78, and their Forward P/E ratio for the next fiscal year is 6.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 67.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 0.93.
Stock Price History:
Over the past 52 weeks, MTH has reached a high of $106.99, while it has fallen to a 52-week low of $59.27. The 50-Day Moving Average of the stock is -4.68%, while the 200-Day Moving Average is calculated to be -21.63%.
Shares Statistics:
A total of 71.83M shares are outstanding, with a floating share count of 69.91M. Insiders hold about 2.68% of the company’s shares, while institutions hold 98.12% stake in the company.
