Shares of Meritage Homes Corp. (NYSE:MTH) rose 2.9% during mid-day trading on Tuesday . The company traded as high as $36.29 and last traded at $35.88, with a volume of 167,338 shares. The stock had previously closed at $34.86.

MTH has been the topic of a number of recent analyst reports. FBR & Co reissued a “hold” rating and set a $36.00 price target on shares of Meritage Homes Corp. in a report on Friday, April 29th. Zacks Investment Research cut shares of Meritage Homes Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. TheStreet cut shares of Meritage Homes Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. JMP Securities restated a “market perform” rating on shares of Meritage Homes Corp. in a research report on Friday, June 24th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Meritage Homes Corp. in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.94.

The stock has a 50 day moving average of $37.54 and a 200-day moving average of $35.73. The stock has a market capitalization of $1.44 billion and a PE ratio of 10.49.

Meritage Homes Corp. (NYSE:MTH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business earned $797.90 million during the quarter, compared to analysts’ expectations of $747.14 million. Meritage Homes Corp.’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities analysts predict that Meritage Homes Corp. will post $3.57 EPS for the current year.

In related news, Director Gerald W. Haddock sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $38.11, for a total value of $285,825.00. Following the completion of the transaction, the director now owns 43,000 shares of the company’s stock, valued at approximately $1,638,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter L. Ax sold 15,000 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $36.71, for a total transaction of $550,650.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $1,651,950. The disclosure for this sale can be found here.

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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