Meritage Homes Corp (MTH) Files Form 4 Insider Selling : Robert Gary Sarver Sells 4,381 Shares

Meritage Homes Corp (MTH): Robert Gary Sarver , director of Meritage Homes Corp sold 4,381 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $33.92 per share for a total value of $148,603.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 18, 2016, Phillippe Lord (Executive Vice President, COO) sold 1,138 shares at $30.78 per share price.On Feb 18, 2016, C Timothy White (EVP – Gen. Counsel, Secretary) sold 6,812 shares at $30.84 per share price.Also, On Feb 18, 2016, Larry Wayne Seay (Executive VP – CFO) sold 7,957 shares at $30.84 per share price.On Feb 18, 2016, Hilla Sferruzza (Chief Accounting Officer) sold 291 shares at $30.84 per share price.

Shares of Meritage Homes Corp (MTH) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.15% at $34.14 with 2,96,279 shares getting traded. Post opening the session at $33.95, the shares hit an intraday low of $33.72 and an intraday high of $34.27 and the price vacillated in this range throughout the day. The company has a market cap of $1,366 M and the number of outstanding shares has been calculated to be 4,00,06,424 shares. The 52-week high of Meritage Homes Corp is $49.36 and the 52-week low is $25.48.

Meritage Homes Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Meritage Homes Corp is Downgraded by FBN Securities to Sector Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 18, 2016.Meritage Homes Corp is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 13, 2016.Meritage Homes Corp is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $36 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 7, 2016.

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 has homebuilding operations in three regions. The West region comprises Arizona California and Colorado; Central region include Texas and the East region comprises Florida Georgia North Carolina South Carolina and Tennessee. It has nine homebuilding operating segments. The homebuilding segments are engaged in the business of acquiring and developing land constructing homes marketing and selling those homes and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand other than in Tennessee where it operates under the Phillips Builders brand and in the Atlanta and Greenville markets where it operates under the Legendary Communities brand. It also operates as Monterey Homes in some markets.

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