|Bid||43.55 x 1800|
|Ask||48.15 x 2900|
|Day's Range||45.25 - 46.00|
|52 Week Range||38.80 - 55.50|
|PE Ratio (TTM)||11.64|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.56|
Online home buying and selling platform Opendoor has forged a partnership with Arizona home builders to move buyers into new homes as quickly as they close on their old homes. San Francisco-baed Opendoor piloted its partnership program in Phoenix and Las Vegas last year with Miami-based Lennar Corp. (NYSE: LEN). It expanded to several other companies, including Lennar's merged partner CalAtlantic Group Inc., as well as Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC), Atlanta-based PulteGroup Inc. (NYSE: PHM), Scottsdale-based Meritage Homes Corp. (NYSE: MTH), Mesa-based Pinnacle West Homes and San Francisco-based Polaris Pacific.
Declining mortgage rates and robust economic growth form the basis of strong housing demand. Adding a few housing stocks seems to be a smart move.
In value investing, investors pick stocks that are cheap but fundamentally sound. So, the chance of outperformance is high when the market moves higher.
Meritage Homes Corporation (MTH), a leading U.S. homebuilder, plans to release the Company's second quarter 2018 results on Wednesday, July 25, 2018 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Arizona Time (11:00 a.m. Eastern Time) on Thursday, July 26. The call will be webcast with an accompanying slideshow available on the "Investor Relations" page of the Company's web site at http://investors.meritagehomes.com.
The Zacks Analyst Blog Highlights: M.D.C. Holdings, Beazer Homes USA, Meritage Homes and Sterling Construction
Stocks recently deemed undervalued include Navigant Consulting and Meritage Homes, as they trade at a market price below their true valuations. There’s a few ways you can value a company.Read More...
The Zacks Analyst Blog Highlights: American Woodmark, Boise Cascade, PGT, Beazer Homes and Meritage Homes
Both single-family and multi-family housing starts experienced an upswing. The only discordant note in the report was a drop in building permits, which hinted at the supply constraints hampering the market. This is why investing in stocks benefiting from the pickup in housing looks like a smart option at this point.
Zacks Industry Outlook Highlights: Century Communities, M.D.C, Beazer Homes, William Lyon and Meritage Homes
Meritage Homes' (MTH) strategic shift to entry-level buyers, steady performance, solid industry fundamentals and healthy growth prospects are likely to help the company grow further.
Home values in 21 of the 35 largest housing markets have surpassed the peak value hit during the height of the housing boom over a decade ago. The jump could be attributed to the shortage of labor and lack of housing inventory that are pushing up the cost of materials and in turn home prices. Mortgage rates are also creeping up with the 30-year fixed mortgage average rate rising to the highest levels since May 2011 to 4.66% (week ending May 24) from 4.61% last week, amid the peak home buying season.
Rising home prices and mortgage rates were unable to take the sheen away from the sector in the key spring selling season.
Meritage Homes Corporation (MTH), a leading U.S. homebuilder, will donate its twelfth home to a military family through Operation Homefront. Together, Meritage and Operation Homefront will place a military family into a brand new, mortgage-free, and energy-efficient Meritage home in Commerce City, Colorado, which is east of Denver. Operation Homefront will select the recipient for the new home through its Homes on the Homefront (HOTH) program. Families in the HOTH program work directly with Operation Homefront caseworkers and financial counselors for 1-3 years to learn how to be successful home owners.
On Tuesday, May 22, 2018, US markets saw broad based losses with seven out of nine sectors finishing the trading sessions in red. All you have to do is sign up today for this free limited time offer by clicking the link below.