Today, the EVP – Gen. Counsel, Secretary of Meritage Corp (NYSE: MTH), Timothy C. White, sold shares of MTH for $370K.
Following Timothy C. White’s last MTH Sell transaction on May 16, 2017, the stock climbed by 5.5%.
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Based on Meritage Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $746 million and quarterly net profit of $43.87 million. In comparison, last year the company earned revenue of $676 million and had a net profit of $23.57 million. MTH’s market cap is $1.89B and the company has a P/E ratio of 11.79. Currently, Meritage Corp has an average volume of 99.54K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.00, reflecting a -13.3% downside. Five different firms, including Barclays and Credit Suisse, currently also have a Sell rating on the stock.
The insider sentiment on Meritage Corp has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Meritage Homes Corp. is a holding company, which engages in the development and sale of residential properties. It operates through two segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses.
