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In the latest session, Meritage Homes Corp. (NYSE: MTH) closed at $177.54 down -1.66% from its previous closing price of $180.54. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 0.69 million shares were traded. MTH stock price reached its highest trading level at $182.68 during the session, while it also had its lowest trading level at $166.54.
Ratios:
For a deeper understanding of Meritage Homes Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 9.04. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on October 15, 2024, Upgraded its rating to Neutral and sets its target price to $195 from $160 previously.
On August 14, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $230.
Seaport Research Partners Downgraded its Neutral to Sell on August 05, 2024, while the target price for the stock was maintained at $153.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 23 ’24 when Michael R. Odell sold 5,000 shares for $200.00 per share. The transaction valued at 1,000,000 led to the insider holds 22,750 shares of the business.
Michael R. Odell bought 5,000 shares of MTH for $999,280 on Aug 23 ’24. On Jul 31 ’24, another insider, Sferruzza Hilla, who serves as the Chief Financial Officer of the company, sold 2,500 shares for $205.00 each. As a result, the insider received 512,500 and left with 44,570 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 6558522880 and an Enterprise Value of 6906022400. As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.04, and their Forward P/E ratio for the next fiscal year is 8.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 1.073 whereas that against EBITDA is 6.745.
Stock Price History:
Over the past 52 weeks, MTH has reached a high of $213.98, while it has fallen to a 52-week low of $109.23. The 50-Day Moving Average of the stock is -9.61%, while the 200-Day Moving Average is calculated to be 1.14%.
Shares Statistics:
For the past three months, MTH has traded an average of 355.52K shares per day and 451900 over the past ten days. A total of 36.43M shares are outstanding, with a floating share count of 35.43M. Insiders hold about 2.47% of the company’s shares, while institutions hold 98.58% stake in the company. Shares short for MTH as of 1728950400 were 1204873 with a Short Ratio of 3.39, compared to 1726185600 on 964638. Therefore, it implies a Short% of Shares Outstanding of 1204873 and a Short% of Float of 4.75.
Dividends & Splits
According to the company, the forward annual dividend rate for MTH is 2.52, from 0.27 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0014955136
