Meritage Homes (MTH) Receives Daily Media Impact Rating of 0.15

Media coverage about Meritage Homes (NYSE:MTH) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meritage Homes earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.7113030900455 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have commented on MTH. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 target price on shares of Meritage Homes in a research note on Wednesday, March 21st. Wedbush began coverage on Meritage Homes in a research note on Tuesday, March 20th. They issued an “outperform” rating and a $55.00 target price for the company. ValuEngine upgraded Meritage Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. JPMorgan Chase & Co. upgraded Meritage Homes from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $44.75 to $58.00 in a research note on Wednesday, March 7th. Finally, Bank of America upgraded Meritage Homes from an “underperform” rating to a “neutral” rating and set a $55.00 target price for the company in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Meritage Homes currently has a consensus rating of “Buy” and an average target price of $52.45.

Meritage Homes (NYSE:MTH) opened at $44.90 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1,810.86, a P/E ratio of 13.09, a PEG ratio of 0.66 and a beta of 1.34. Meritage Homes has a 52-week low of $35.75 and a 52-week high of $55.50.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Thursday, February 1st. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.09. The business had revenue of $946.40 million during the quarter, compared to the consensus estimate of $932.94 million. Meritage Homes had a return on equity of 10.76% and a net margin of 4.44%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. research analysts anticipate that Meritage Homes will post 5.06 EPS for the current year.

In other news, EVP C Timothy White sold 7,333 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $45.20, for a total transaction of $331,451.60. Following the completion of the transaction, the executive vice president now directly owns 48,705 shares in the company, valued at $2,201,466. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Hilla Sferruzza sold 589 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $45.20, for a total value of $26,622.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,959 shares of company stock valued at $932,597. Insiders own 5.60% of the company’s stock.

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Meritage Homes Company Profile

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.

Insider Buying and Selling by Quarter for Meritage Homes (NYSE:MTH)

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