Meritage Homes Corp. (NYSE: MTH) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Meritage Homes Corp. is listed on the NYSE in the Consumer Cyclical sector while operating in the Residential Construction industry. The current market capitalization of Meritage Homes Corp. is $6.56B. A total of 0.6 million shares were traded on the day, compared to an average of 440.58K shares.

In the most recent transaction, Lord Phillippe sold 2,500 shares of MTH for 162.79 per share on Mar 13 ’24. After the transaction, the Chief Executive Officer now owns 100,266 company shares. In a previous transaction on Mar 04 ’24, Lord Phillippe sold 18,119 shares at 158.22 per share. MTH shares that Chief Executive Officer owns now total 102,766.

Among the insiders who sold shares, HILTON STEVEN J disposed of 4,705 shares on Mar 04 ’24 at a per-share price of $158.39. This resulted in the Executive Chairman holding 388,971 shares of MTH after the transaction. In another insider transaction, Sasser Alison sold 115 shares at $148.18 per share on Feb 20 ’24. Company shares held by the SVP – Chief Accounting Officer now total 1,744.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Meritage Homes Corp. pays an annual dividend of $1.56, resulting in a dividend yield of 0.86%, and it has a price to earnings (P/E) ratio of 8.43. MTH’s most recent ex-dividend date was 3/14/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The MTH stock dividend was $0.27 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MTH has a high of $183.78 and a low of $109.23.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MTH’s latest balance sheet shows that the firm has $618.34M in Cash & Short Term Investments as of fiscal 2021. There were $1.19B in debt and $543.46M in liabilities at the time. Its Book Value Per Share was $129.98, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.50.

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