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Wednesday, March 22, 2023

Is Meritage Homes Corporation (NYSE: MTH) No Longer A Good Investment?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Meritage Homes Corporation (MTH) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $109.26. The Meritage Homes Corporation has recorded 9,539 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Meritage Homes Initiates Quarterly Cash Dividend.

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Stocks Info

This NYSE-listed company operates within the Residential Construction industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $109.26 and fluctuated between $112.26 as its day high and $108.85 as its day low. The current market capitalization of Meritage Homes Corporation is $3.90B. A total of 0.57 million shares were traded on the day, compared to an average of 391.18K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MTH has seen 10 BUY and 6 SELL insider trades, representing the acquisition of 20,755 and the disposition of 9,654 shares. Over the last 12 months, there were 11 BUYs and 10 SELLs from insiders. Insiders purchased 24,077 shares during that period but sold 26,065.

In the most recent transaction, Lord Phillippe sold 5,400 shares of MTH for 110.00 per share on Mar 03. After the transaction, the Chief Executive Officer now owns 44,441 company shares. In a previous transaction on Mar 03, OPPEL RAYMOND sold 5,000 shares at 110.22 per share. MTH shares that Director owns now total 10,000.

Among the insiders who sold shares, HILTON STEVEN J disposed of 23,934 shares on Feb 22 at a per-share price of $107.17. This resulted in the Executive Chairman holding 395,366 shares of MTH after the transaction. In another insider transaction, Sferruzza Hilla sold 21,334 shares at $107.19 per share on Feb 22. Company shares held by the Chief Financial Officer now total 42,918.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Meritage Homes Corporation pays an annual dividend of $0.27, resulting in a dividend yield of 0.25%, and it has a price to earnings (P/E) ratio of 4.08. MTH’s most recent ex-dividend date was 3/14/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 3/31/2023.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MTH in the last 3 months, the mean price target is $133.00 with high estimates of $174.00 and low estimates of $105.00. In terms of 52-week highs and lows, MTH has a high of $117.22 and a low of $62.51.

As of this writing, MTH has an earnings estimate of $2.54 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $2.95 per share and a lower estimate of $2.13. The company reported an EPS of $7.1 in the last quarter, which was 10.10% higher than expectations of $6.45.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTH is Hold with a score of 3.40. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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