Meritage Homes Corp (MTH) COO Phillippe Lord Sells 3,000 Shares

Meritage Homes Corp (NYSE:MTH) COO Phillippe Lord sold 3,000 shares of Meritage Homes stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.75, for a total value of $152,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Phillippe Lord also recently made the following trade(s):

  • On Friday, March 8th, Phillippe Lord sold 2,272 shares of Meritage Homes stock. The shares were sold at an average price of $44.00, for a total value of $99,968.00.
  • On Tuesday, March 5th, Phillippe Lord sold 16,977 shares of Meritage Homes stock. The shares were sold at an average price of $43.40, for a total value of $736,801.80.
  • On Wednesday, February 13th, Phillippe Lord sold 537 shares of Meritage Homes stock. The shares were sold at an average price of $45.00, for a total value of $24,165.00.

Shares of MTH traded up $1.09 during trading hours on Monday, hitting $51.23. 5,125 shares of the company were exchanged, compared to its average volume of 378,566. The firm has a market cap of $1.92 billion, a PE ratio of 9.17, a P/E/G ratio of 1.07 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.75. Meritage Homes Corp has a one year low of $32.02 and a one year high of $51.95.

Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $699.00 million during the quarter, compared to analyst estimates of $636.66 million. Meritage Homes had a return on equity of 12.18% and a net margin of 6.00%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. On average, equities research analysts anticipate that Meritage Homes Corp will post 4.78 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Wedbush cut Meritage Homes from an “outperform” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Thursday, January 10th. They noted that the move was a valuation call. Citigroup cut Meritage Homes from a “buy” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $50.00 in a research report on Friday, February 1st. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of Meritage Homes in a research report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Meritage Homes has a consensus rating of “Hold” and a consensus price target of $44.31.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its stake in shares of Meritage Homes by 531.3% during the 4th quarter. Meeder Asset Management Inc. now owns 707 shares of the construction company’s stock worth $26,000 after acquiring an additional 595 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Meritage Homes by 126.0% in the fourth quarter. Captrust Financial Advisors now owns 1,096 shares of the construction company’s stock worth $40,000 after buying an additional 611 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Meritage Homes in the fourth quarter worth $88,000. PNC Financial Services Group Inc. boosted its position in shares of Meritage Homes by 25.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,804 shares of the construction company’s stock worth $103,000 after buying an additional 572 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Meritage Homes by 11.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,943 shares of the construction company’s stock worth $108,000 after buying an additional 304 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

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About Meritage Homes

Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers luxury homes; and title insurance and closing/settlement services to its homebuyers.

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