Meritage Homes Corp (MTH): Peter L Ax , director of Meritage Homes Corp sold 15,000 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $36.71 per share for a total value of $550,650.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Gerald W Haddock (director) sold 7,500 shares at $38.10 per share price.On May 18, 2016, Robert Gary Sarver (director) sold 4,381 shares at $33.92 per share price.Also, 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.
MERITAGE HOMES CORP COM: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in MERITAGE HOMES CORP COM which led to swings in the share price. The shares opened for trading at $36.1 and hit $36.67 on the upside , eventually ending the session at $36.22, with a gain of 1.12% or 0.4 points. The heightened volatility saw the trading volume jump to 2,98,372 shares. The 52-week high of the share price is $49.36 and the company has a market cap of $1,449 M . The 52-week low of the share price is at $25.48.
Company has been under the radar of several Street Analysts.MERITAGE HOMES CORP COM 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 COM 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 COM 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.