Meritage Homes Corp (NYSE: MTH) kicked off on Friday, down -3.02% from the previous trading day, before settling in for the closing price of $76.23. Over the past 52 weeks, MTH has traded in a range of $73.05-$106.99.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 14.23%. While this was happening, its average annual earnings per share was recorded 6.33%. With a float of $70.59 million, this company’s outstanding shares have now reached $72.36 million.
Let’s determine the extent of company efficiency that accounts for 1838 employees. In terms of profitability, gross margin is 25.63%, operating margin of 17.09%, and the pretax margin is 16.18%.
Meritage Homes Corp (MTH) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Residential Construction Industry. The insider ownership of Meritage Homes Corp is 2.44%, while institutional ownership is 99.99%. The most recent insider transaction that took place on Aug 23 ’24, was worth 1,000,000. In this transaction Director of this company sold 5,000 shares at a rate of $200.00, taking the stock ownership to the 22,750 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 5,000 for $199.86, making the entire transaction worth $999,280.
Meritage Homes Corp (MTH) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.33% per share during the next fiscal year.
Meritage Homes Corp (NYSE: MTH) Trading Performance Indicators
Take a look at Meritage Homes Corp’s (MTH) current performance indicators. Last quarter, stock had a quick ratio of 1.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.05, a number that is poised to hit 2.24 in the next quarter and is forecasted to reach 10.56 in one year’s time.
Technical Analysis of Meritage Homes Corp (MTH)
Looking closely at Meritage Homes Corp (NYSE: MTH), its last 5-days average volume was 1.13 million, which is a jump from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 43.06%. Additionally, its Average True Range was 2.56.
During the past 100 days, Meritage Homes Corp’s (MTH) raw stochastic average was set at 2.59%, which indicates a significant decrease from 15.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.93% in the past 14 days, which was lower than the 35.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $86.84, while its 200-day Moving Average is $89.45. However, in the short run, Meritage Homes Corp’s stock first resistance to watch stands at $75.08. Second resistance stands at $76.23. The third major resistance level sits at $76.81. If the price goes on to break the first support level at $73.35, it is likely to go to the next support level at $72.76. Now, if the price goes above the second support level, the third support stands at $71.61.
Meritage Homes Corp (NYSE: MTH) Key Stats
The company with the Market Capitalisation of 5.35 billion has total of 72,359K Shares Outstanding. Its annual sales at the moment are 6,138 M in contrast with the sum of 738,750 K annual income. Company’s last quarter sales were recorded 1,597 M and last quarter income was 195,970 K.
