What Did This CEO Just Do with Personal Shares of Meritage (MTH)?

Yesterday, the CEO of Meritage (MTH), Steven Hilton, sold shares of MTH for $10.14M.

Following Steven Hilton’s last MTH Sell transaction on September 12, 2019, the stock climbed by 4.7%.

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Based on Meritage’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.14 billion and quarterly net profit of $104 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $75.49 million. The company has a one-year high of $76.83 and a one-year low of $40.99. Currently, Meritage has an average volume of 615.82K.

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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.

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