New insider activity at Meritage ( (MTH) ) has taken place on February 13, 2025.
EC Steven Hilton executed a transaction involving Meritage stock where he both purchased and sold 11,000 shares. The purchase and sale were each valued at $819,610, indicating a strategic maneuver in handling the stock portfolio without a net change in his position.
Recent Updates on MTH stock
Recent developments for Meritage Homes have highlighted a strong 2024 performance, with record-breaking home deliveries and revenue, despite facing market challenges such as rising lot costs and decreased average sales prices. The company reported a 12% decrease in net earnings for Q4, attributed to lower margins and extended development cycle times, which impacted profitability. Strategic expansions, like the acquisition of Elliott Homes, and a 2-for-1 stock split have supported growth and shareholder value. Analysts have adjusted price targets due to these market conditions and company strategies, including the stock split and ongoing challenges in homebuilding, but maintain a generally positive outlook on Meritage’s ability to sustain growth amidst market pressures.
More about Meritage
YTD Price Performance: -2.21%
Average Trading Volume: 931,193
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.39B
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