Meritage Homes Is A Good Long-Term Buy Trading Below Its Book Value [Seeking Alpha]
Meritage Homes Corporation (MTH)
Last meritage homes corporation earnings: 4/28 04:30 pm
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US:NYSE Investor Relations:
investors.meritagehomes.com
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Source: Seeking Alpha
Summary While coronavirus is likely to impact housing demand in the short term, interest rate reduction by Federal Reserve is a long-term positive for the housing sector. Meritage Homes has benefited from its focus on affordable entry level and first move up segment. After success of LiVE.NOW offering for the entry-level homes, the company has launched Studio M offering for first move up segment, which is receiving good initial response. The company has a strong balance sheet which can help it weather any slowdown from coronavirus impact. Stock is trading below its tangible book value. Stock markets have corrected meaningfully in the short span of time, and Federal Reserve is responding with interest rate cuts and massive liquidity injection. While fear due to coronavirus and people going into self-quarantine might cause some more pain in the short term for businesses, it also is sowing seeds for the next bull run. After dot com crash and September 9/11 attacks, Federal Reserve respon
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MTH
News
- Meritage Homes Co. (NYSE: MTH) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
- Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues [Yahoo! Finance]Yahoo! Finance
- Meritage Homes Co. (NYSE: MTH) had its price target lowered by analysts at Keefe, Bruyette & Woods from $210.00 to $198.00. They now have a "market perform" rating on the stock.MarketBeat
- Goldman Sachs Unveils Top Conviction Stocks for November 2024 — Here's Why They Could Beat the S&P [Yahoo! Finance]Yahoo! Finance
- $29M land deal: Developer closes on 93 acres inside Raleigh Beltline. See what's coming [Yahoo! Finance]Yahoo! Finance
MTH
Earnings
- 10/29/24 - Beat
MTH
Sec Filings
- 10/31/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/16/24 - Form 3
- MTH's page on the SEC website