Clinton Szubinski, EVP - COO of Meritage Homes Corp (MTH, Financial), executed a sale of 797 shares in the company on February 13, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $152.62 per share, resulting in a total value of $121,737.14.
Meritage Homes Corp is a leading designer and builder of single-family homes. The company operates across several states and focuses on building homes that are energy-efficient and cost-effective. Meritage Homes Corp caters to a range of homebuyers, including first-time, move-up, luxury, and active adult customers.
Over the past year, the insider has sold a total of 1,573 shares of Meritage Homes Corp and has not made any purchases. The recent sale by the insider is part of a broader pattern observed over the last year, where there have been no insider buys but 22 insider sells within the company.
On the valuation front, Meritage Homes Corp's shares were trading at $152.62 on the day of the insider's sale, giving the company a market capitalization of $5.534 billion. The price-earnings ratio stands at 7.62, which is below both the industry median of 10.09 and the company's historical median price-earnings ratio.
According to the GF Value, with a share price of $152.62 and a GuruFocus Value of $122.79, Meritage Homes Corp has a price-to-GF-Value ratio of 1.24, indicating that the stock is modestly overvalued.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the current stock valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
