Meritage Homes Corp. (NYSE:MTH) shares saw an uptick in trading volume on Thursday . 239,096 shares changed hands during trading, a decline of 21% from the previous session’s volume of 303,267 shares.The stock last traded at $38.69 and had previously closed at $38.50.

A number of brokerages recently issued reports on MTH. Zacks Investment Research raised Meritage Homes Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday. Credit Suisse Group AG reissued a “hold” rating on shares of Meritage Homes Corp. in a research report on Tuesday, June 28th. JMP Securities reissued a “market perform” rating on shares of Meritage Homes Corp. in a research report on Friday, June 24th. TheStreet raised Meritage Homes Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 17th. Finally, FBR & Co reissued a “hold” rating and set a $36.00 price target on shares of Meritage Homes Corp. in a research report on Friday, April 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.22.

The firm has a 50 day moving average price of $36.70 and a 200 day moving average price of $34.23. The stock has a market cap of $1.56 billion and a price-to-earnings ratio of 12.20.

Meritage Homes Corp. (NYSE:MTH) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $597.77 million for the quarter, compared to the consensus estimate of $539.97 million. Meritage Homes Corp.’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company posted $0.40 earnings per share. Equities research analysts forecast that Meritage Homes Corp. will post $3.59 earnings per share for the current fiscal year.

In other Meritage Homes Corp. news, Director Peter L. Ax sold 15,000 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $36.71, for a total transaction of $550,650.00. Following the sale, the director now owns 45,000 shares in the company, valued at $1,651,950. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald W. Haddock sold 7,500 shares of the stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $38.11, for a total value of $285,825.00. Following the sale, the director now owns 43,000 shares in the company, valued at approximately $1,638,730. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Meritage Homes Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 73,481 shares of the company’s stock valued at $2,498,000 after buying an additional 1,160 shares in the last quarter. New York State Common Retirement Fund increased its stake in Meritage Homes Corp. by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 320,007 shares of the company’s stock valued at $10,877,000 after buying an additional 1,800 shares in the last quarter. Nationwide Fund Advisors increased its stake in Meritage Homes Corp. by 7.9% in the fourth quarter. Nationwide Fund Advisors now owns 34,120 shares of the company’s stock valued at $1,160,000 after buying an additional 2,506 shares in the last quarter. Rhumbline Advisers increased its stake in Meritage Homes Corp. by 4.0% in the fourth quarter. Rhumbline Advisers now owns 67,600 shares of the company’s stock valued at $2,298,000 after buying an additional 2,615 shares in the last quarter. Finally, Dean Investment Associates LLC increased its stake in Meritage Homes Corp. by 16.0% in the fourth quarter. Dean Investment Associates LLC now owns 71,370 shares of the company’s stock valued at $2,426,000 after buying an additional 9,845 shares in the last quarter.

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee.

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