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The price of Meritage Homes Corp (NYSE: MTH) closed at $181.23 in the last session, up 1.86% from day before closing price of $177.92. In other words, the price has increased by $1.86 from its previous closing price. On the day, 0.61 million shares were traded. MTH stock price reached its highest trading level at $183.285 during the session, while it also had its lowest trading level at $179.395.
Ratios:
We take a closer look at MTH’s different ratios to gain a better understanding of the stock. 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.
On October 31, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $205 to $235.
Wedbush Upgraded its Underperform to Neutral on October 15, 2024, whereas the target price for the stock was revised from $160 to $195.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6556828672 and an Enterprise Value of 7096810496. As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.20, and their Forward P/E ratio for the next fiscal year is 8.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 1.103 whereas that against EBITDA is 6.932.
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 $137.70. The 50-Day Moving Average of the stock is -6.58%, while the 200-Day Moving Average is calculated to be 2.71%.
Shares Statistics:
According to the various share statistics, MTH traded on average about 378.12K shares per day over the past 3-months and 517670 shares per day over the past 10 days. A total of 36.43M shares are outstanding, with a floating share count of 35.29M. Insiders hold about 2.47% of the company’s shares, while institutions hold 99.64% stake in the company. Shares short for MTH as of 1730332800 were 1322721 with a Short Ratio of 3.50, compared to 1727654400 on 1213291. Therefore, it implies a Short% of Shares Outstanding of 1322721 and a Short% of Float of 5.25.
Dividends & Splits
The forward annual dividend rate for MTH is 2.52, which was 2.52 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.014163669
