Meritage Homes Reaches New 52-Week High (MTH)

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.

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 investment research center.
null

If you liked this article you might like

Housing Data Drives Down Homebuilding Stocks

Meritage Homes Is Building on a Breakout

Analysts' Actions -- American Eagle, Kroger, Pioneer, Wendy's and More

3 Materials & Construction Stocks Dragging The Industry Down

Meritage Homes (MTH) Flagged As Strong On High Volume