|Bid||74.15 x 1000|
|Ask||74.80 x 1000|
|Day's Range||74.07 - 75.29|
|52 Week Range||25.24 - 79.26|
|Beta (5Y Monthly)||1.74|
|PE Ratio (TTM)||9.83|
|Earnings Date||Jul 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 26, 1996|
|1y Target Est||71.50|
Zacks.com featured highlights include: Keurig Dr Pepper, Hologic, Meritage Homes, Vistra Energy and Sally Beauty
The surge in May sales of new homes is an indication that the worst is over and buyers are once again rushing to the housing market.
The reopening of most parts of the country helped new home sales rebound in May.
Meritage Homes Corporation (MTH), a leading U.S. homebuilder, plans to release the Company's second quarter 2020 results on Wednesday, July 22, 2020 after the market closes. Management will host a conference call to discuss the results at 7:30 a.m. Arizona Time (10:30 a.m. Eastern Time) on Thursday, July 23. The call will be webcast with an accompanying slideshow, both available on the "Investor Relations" page of the Company's web site at http://investors.meritagehomes.com.
While new-home construction climbed at a slower-than-expected pace in May, builders look in prime position to capitalize on a resurgence in buyer activity amid low rates and the end of lockdowns to slow the spread of the coronavirus.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Homebuilders may be among the beneficiaries from low interest rates and federal stimulus packages aimed at buffering the economic strain from the coronavirus pandemic, according to BofA Securities. "We believe current strength in new home, repair and remodeling and recreational vehicle (RV) sales is being driven in part by pent-up demand from a month of sheltering in place," analyst John Lovallo said in a Tuesday note."We also believe that there has been some degree of 'fear' buying across industries as apartment dwellers fled cities, homeowners hunkered down and embraced nesting (remodeling) and worried travelers chose recreational vehicles (RVs) as an alternative to airplanes or cruise ships."Lovallo acknowledged risk to consumer spending in the back half of 2020 and through 2021, especially if the economy declines and pent-up and pull-forward activity wanes.Given valuation multiples reflective of historical trends, the analyst increased the following price targets: * D. R. Horton Inc (NYSE: DHI) from $55 to $67; Buy rating. * Forestar Group Inc. (NYSE: FOR) from $16 to $18; Buy rating. * KB Home (NYSE: KBH) from $31 to $38; Buy rating. * Lennar Corporation (NYSE: LEN) from $55 to $67; Neutral rating. * M.D.C. Holdings, Inc. (NYSE: MDC) from $31 to $37; Neutral rating. * Meritage Homes Corp (NYSE: MTH) from $65 to $82; Buy rating. * NVR, Inc. (NYSE: NVR) from $3,400 to $3,650; Neutral rating. * PulteGroup, Inc. (NYSE: PHM) from $32 to $38; Neutral rating. * Toll Brothers Inc (NYSE: TOL) from $31 to $35; Underperform rating. Related Links:Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus CrisisCoronavirus Economic Turmoil A Silver Lining For Home Buyers, BuildersLatest Ratings for DHI DateFirmActionFromTo Jun 2020CitigroupMaintainsBuy Jun 2020JP MorganDowngradesOverweightNeutral May 2020Credit SuisseInitiates Coverage OnOutperform View More Analyst Ratings for DHI View the Latest Analyst Ratings See more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Meritage Homes' (MTH) business is benefiting from strategic initiatives and strong order growth. Yet, coronavirus-led shutdown may put pressure on the upcoming results.
Meritage (MTH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Shares of homebuilders KB Home (NYSE: KBH), Meritage Homes (NYSE: MTH), and Beazer Homes USA (NYSE: BZH) popped more than 25% in May, according to data provided by S&P Global Market Intelligence. KB's shares were up 26.1%, Meritage's rose 32.2%, and Beazer's jumped an impressive 39.5% in a month that saw the S&P 500 creep up by only 4.5%. After March's stock market crash, May's gains pushed two of the three companies back into positive territory for the year.
NASHVILLE, Tenn., June 01, 2020 -- Meritage Homes, the seventh-largest public homebuilder in the U.S., today announced the addition of two new, affordable communities in the.
Tim Rood, Former Fannie Mae Executive and SitusAMC Managing Director, joins Yahoo Finance’s Seana Smith to break down April existing home sales data.
Market watchers are amazed at the stock market's nearly vertical ascent in the post-Covid-19 crash market. Homebuilders, including highly rated Meritage Homes, are seeing their business shoot up. On Wednesday Meritage saw its stock Relative Strength Rating jump to 81 from 78.
The homebuilding sector has suffered a lot amid COVID-19 and is likely to see meaningful sales and price decline ahead. However, credit conditions and valuations are cheaper.
“We’re expecting a robust recovery in all the housing market indicators over the late spring and summer,” says one economist.
What happened Shares of major homebuilders have soared today after the National Association of Home Builders (NAHB) released its NAHB Housing Market Index (HMI), which showed an uptick in sentiment for May.
Meritage Homes Corporation (MTH) announced orders for the month of April totaled 775 in 2020 compared to 916 in 2019, net of cancellations equating to 20% of gross orders in 2020 and 11% in 2019. The update was provided in advance of virtual meetings with investors at the J.P. Morgan Homebuilding & Building Products Conference this week. Meritage provides all of that and more with the ability to shop online, see our inventory of homes available for quick move-in, get pre-qualified and even do virtual tours before ever visiting our communities physically.