A Director at Meritage Corp (NYSE: MTH) is Selling Shares

By Carrie Williams

Today, a Director at Meritage Corp (NYSE: MTH), Gerald Haddock, sold shares of MTH for $183.8K.

In addition to Gerald Haddock, 11 other MTH executives reported Sell trades in the last month. Following Gerald Haddock’s last MTH Sell transaction on February 16, 2017, the stock climbed by 2.4%.

Based on Meritage Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $884 million and quarterly net profit of $51.81 million. In comparison, last year the company earned revenue of $785 million and had a net profit of $52.9 million. The company has a one year high of $41.22 and a one year low of $29.70. MTH’s market cap is $1.46B and the company has a P/E ratio of 10.42.

Five different firms, including Barclays and Credit Suisse, currently also have a Sell rating on the stock.

The insider sentiment on Meritage Corp has been neutral according to 17 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Meritage Homes Corp. is a holding company, which engages in the development and sale of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires, constructs, and markets single-detached houses. The Financial Services segment includes the operations of the company’s subsidiary, Carefree Title. The company was founded by Steven J. Hilton in 1985 and is headquartered in Scottsdale, AZ.