Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Meritage Homes Corp (NYSE: MTH) closed at $69.41 down -3.81% from its previous closing price of $72.16. In other words, the price has decreased by -$3.81 from its previous closing price. On the day, 1.44 million shares were traded. MTH stock price reached its highest trading level at $72.5188 during the session, while it also had its lowest trading level at $68.925.
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 1.32 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:
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 Mar 03 ’25 when Feliciano Javier sold 4,862 shares for $72.07 per share. The transaction valued at 350,408 led to the insider holds 36,278 shares of the business.
Lord Phillippe sold 36,167 shares of MTH for $2,578,554 on Mar 03 ’25. The Chief Executive Officer now owns 228,270 shares after completing the transaction at $71.30 per share. On Mar 03 ’25, another insider, Sferruzza Hilla, who serves as the EVP- Chief Financial Officer of the company, sold 14,567 shares for $71.81 each. As a result, the insider received 1,046,041 and left with 108,367 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 4981271552 and an Enterprise Value of 5721419776. As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.48, and their Forward P/E ratio for the next fiscal year is 6.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 0.895 whereas that against EBITDA is 5.813.
Stock Price History:
The Beta on a monthly basis for MTH is 1.68, which has changed by -0.11753863 over the last 52 weeks, in comparison to a change of 0.07903516 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 $69.26. The 50-Day Moving Average of the stock is -8.81%, while the 200-Day Moving Average is calculated to be -20.92%.
Shares Statistics:
For the past three months, MTH has traded an average of 1.03M shares per day and 1226380 over the past ten days. 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 99.41% stake in the company. Shares short for MTH as of 1740700800 were 2995694 with a Short Ratio of 2.91, 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
According to the company, the forward annual dividend rate for MTH is 3.00, from 1.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020787138The current Payout Ratio is 13.99% for MTH, which recently paid a dividend on 2024-12-17 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.
