NEW YORK (

TheStreet

) --

Meritage Homes Corporation

(NYSE:

MTH

) hit a new 52-week high Thursday as it is currently trading at $30.04, above its previous 52-week high of $30 with 325,892 shares traded as of 3:30 p.m. ET. Average volume has been 580,000 shares over the past 30 days.

Meritage Homes has a market cap of $961.8 million and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 26.6% year to date as of the close of trading on Wednesday.

Meritage Homes Corporation engages in designing and building single-family detached homes. It provides various homes under the Meritage Homes and Monterey Homes names for a range of homebuyers, including first-time, move-up, luxury, and active adult buyers.

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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 revenue growth, increase in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. 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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.

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