Meritage Homes Stock Hits New 52-Week High (MTH)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Meritage Homes Corporation (NYSE: MTH) hit a new 52-week high Tuesday as it is currently trading at $52.40, above its previous 52-week high of $52.38 with 60,035 shares traded as of 10 a.m. ET. Average volume has been 618,100 shares over the past 30 days.

Meritage Homes has a market cap of $1.87 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 38.8% year to date as of the close of trading on Monday.

Meritage Homes Corporation engages in designing and building single-family detached homes. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes and Monterey Homes names. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Meritage Homes as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low 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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
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