In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Meritage Homes Corp (NYSE: MTH) closed at $78.82 down -2.55% from its previous closing price of $80.88. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 1.23 million shares were traded. MTH stock price reached its highest trading level at $81.01 during the session, while it also had its lowest trading level at $77.5.
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 1.47 and its Current Ratio is at 8.93. In the meantime, Its Debt-to-Equity ratio is 0.27 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, JP Morgan on December 13, 2024, Downgraded its rating to Neutral and sets its target price to $197 from $220 previously.
Goldman Upgraded its Neutral to Buy on October 31, 2024, whereas the target price for the stock was revised from $205 to $235.
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 5703352320 and an Enterprise Value of 3391657216. As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.14, and their Forward P/E ratio for the next fiscal year is 6.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.527 whereas that against EBITDA is 3.313.
Stock Price History:
The Beta on a monthly basis for MTH is 1.89, which has changed by 0.026569366 over the last 52 weeks, in comparison to a change of 0.23095727 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 $73.05. The 50-Day Moving Average of the stock is -6.16%, while the 200-Day Moving Average is calculated to be -11.75%.
Shares Statistics:
For the past three months, MTH has traded an average of 941.09K shares per day and 852020 over the past ten days. A total of 72.36M shares are outstanding, with a floating share count of 70.59M. Insiders hold about 2.44% of the company’s shares, while institutions hold 100.64% stake in the company. Shares short for MTH as of 1736899200 were 2723156 with a Short Ratio of 2.89, compared to 1734048000 on 2264408. Therefore, it implies a Short% of Shares Outstanding of 2723156 and a Short% of Float of 5.4.
Dividends & Splits
According to the company, the forward annual dividend rate for MTH is 3.00, from 2.52 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03115727The current Payout Ratio is 5.42% for MTH, which recently paid a dividend on 2024-12-17 with an ex-dividend date of 1734393600. Stock splits for the company last occurred on 2025-01-03 when the company split stock in a 2:1 ratio.
