Shares of Meritage Homes Corp (NYSE:MTH) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $45.56.

Several equities research analysts have recently issued reports on MTH shares. UBS Group started coverage on Meritage Homes in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $52.00 price objective for the company. Citigroup raised their price objective on Meritage Homes from $46.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. ValuEngine raised Meritage Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Meritage Homes from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group raised Meritage Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $52.00 to $60.00 in a research note on Monday.

In other news, Director Robert Gary Sarver sold 12,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $50.47, for a total value of $605,640.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Javier Feliciano sold 1,009 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.55, for a total value of $35,869.95. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Meritage Homes by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 2,909 shares of the construction company’s stock worth $123,000 after buying an additional 328 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Meritage Homes by 1.9% in the second quarter. UBS Asset Management Americas Inc. now owns 23,005 shares of the construction company’s stock worth $971,000 after buying an additional 419 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Meritage Homes by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,066 shares of the construction company’s stock worth $172,000 after buying an additional 609 shares during the period. California Public Employees Retirement System raised its holdings in shares of Meritage Homes by 2.2% in the second quarter. California Public Employees Retirement System now owns 50,300 shares of the construction company’s stock worth $2,123,000 after buying an additional 1,100 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of Meritage Homes by 4.7% in the third quarter. Aperio Group LLC now owns 26,873 shares of the construction company’s stock worth $1,193,000 after buying an additional 1,195 shares during the period. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Shares of Meritage Homes (MTH) traded down $0.10 during trading on Friday, reaching $52.45. The company had a trading volume of 272,072 shares, compared to its average volume of 402,347. The company has a market capitalization of $2,120.00, a price-to-earnings ratio of 13.95, a PEG ratio of 0.91 and a beta of 1.54. Meritage Homes has a 52 week low of $33.40 and a 52 week high of $55.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.70 and a current ratio of 0.70.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings data on Friday, October 27th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. The business had revenue of $805.60 million during the quarter, compared to analyst estimates of $827.40 million. Meritage Homes had a return on equity of 10.81% and a net margin of 5.04%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. sell-side analysts predict that Meritage Homes will post 3.8 earnings per share for the current year.

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About Meritage Homes

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.

Analyst Recommendations for Meritage Homes (NYSE:MTH)

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