Meritage Homes Corp (NYSE: MTH) has a higher price-to-earnings ratio of 8.57x compared to its average ratio, The 36-month beta value for MTH is at 1.83. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for MTH is 35.30M, and currently, shorts hold a 3.70% of that float. The average trading volume for MTH on November 28, 2024 was 372.28K shares.
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MTH) stock’s latest price update
Meritage Homes Corp (NYSE: MTH)’s stock price has plunge by -1.21relation to previous closing price of 191.62. Nevertheless, the company has seen a 6.21% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-25 that SCOTTSDALE, Ariz., Nov. 25, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a two-for-one stock split of Meritage’s common stock in the form of a stock dividend. Each stockholder of record at the close of business on December 31, 2024 will receive one additional share of common stock for each share of common stock held, payable after the close of market on January 2, 2025. Trading will begin on a split-adjusted basis on January 3, 2025.
MTH’s Market Performance
Meritage Homes Corp (MTH) has seen a 6.21% rise in stock performance for the week, with a 4.85% gain in the past month and a -3.96% plunge in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 3.53% for MTH. The simple moving average for the past 20 days is 2.65% for MTH’s stock, with a 6.47% simple moving average for the past 200 days.
Analysts’ Opinion of MTH
Goldman, on the other hand, stated in their research note that they expect to see MTH reach a price target of $235, previously predicting the price at $205. The rating they have provided for MTH stocks is “Buy” according to the report published on October 31st, 2024.
Wedbush gave a rating of “Neutral” to MTH, setting the target price at $195 in the report published on October 15th of the current year.
MTH Trading at -1.23% from the 50-Day Moving Average
After a stumble in the market that brought MTH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.53% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +6.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.55% lower at present.
During the last 5 trading sessions, MTH rose by +6.21%, which changed the moving average for the period of 200-days by +24.69% in comparison to the 20-day moving average, which settled at $184.41. In addition, Meritage Homes Corp saw 8.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTH starting from Michael R. Odell, who sale 5,000 shares at the price of $200.00 back on Aug 23 ’24. After this action, Michael R. Odell now owns 22,750 shares of Meritage Homes Corp, valued at $1,000,000 using the latest closing price.
Michael R. Odell, the Officer of Meritage Homes Corp, proposed sale 5,000 shares at $199.86 during a trade that took place back on Aug 23 ’24, which means that Michael R. Odell is holding shares at $999,280 based on the most recent closing price.
Stock Fundamentals for MTH
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.26 for the gross margin
The net margin for Meritage Homes Corp stands at 0.13. The total capital return value is set at 0.19. Equity return is now at value 17.19, with 12.23 for asset returns.
Based on Meritage Homes Corp (MTH), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18.
Currently, EBITDA for the company is 972.93 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 22.4for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.93.
Conclusion
In conclusion, Meritage Homes Corp (MTH) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
