Value Investing Philosophy And Meritage Homes Corp. (NYSE: MTH)?

After Hours

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.

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Stocks Info

MTH belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. The current market capitalization of Meritage Homes Corp. is $7.32B. A total of 0.52 million shares were traded on the day, compared to an average of 426.33K shares.

In the most recent transaction, Michael R. Odell sold 5,000 shares of MTH for 200.00 per share on Aug 23 ’24. After the transaction, the Director now owns 22,750 company shares. In a previous transaction on Aug 23 ’24, Michael R. Odell bought 5,000 shares at 199.86 per share.

Among the insiders who sold shares, Sferruzza Hilla disposed of 2,500 shares on Jul 31 ’24 at a per-share price of $205.00. This resulted in the Chief Financial Officer holding 44,570 shares of MTH after the transaction. In another insider transaction, Sferruzza Hilla bought 2,500 shares at $203.28 per share on Jul 31 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Meritage Homes Corp. pays an annual dividend of $2.52, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 8.87. MTH’s most recent ex-dividend date was 9/16/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/14/2024. The MTH stock dividend was $0.75 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MTH has a high of $210.58 and a low of $109.23.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $134.40, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

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. 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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