NEW YORK (

TheStreet

) --

Meritage Homes Corporation

(NYSE:

MTH

) hit a new 52-week high Wednesday as it is currently trading at $27.55, above its previous 52-week high of $27.46 with 506,306 shares traded as of 1:10 p.m. ET. Average volume has been 430,300 shares over the past 30 days.

Meritage Homes has a market cap of $830.9 million and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 13.7% year to date as of the close of trading on Tuesday.

Meritage Homes Corporation engages in designing and building single-family attached and detached homes in the southern and western United States.

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TheStreet Ratings rates Meritage Homes as a

hold

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full

Meritage Homes Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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