Top homebuilder and housing stocks as mortgage rates fall [Seeking Alpha]
Meritage Homes Corporation (MTH)
Last meritage homes corporation earnings: 4/28 04:30 pm
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Source: Seeking Alpha
As of today, the national average interest rate for a 30-year fixed mortgage is 6.18%, a six basis points decrease from last week. The average interest rate for refinance is 6.16%, a 12 basis points decrease from the previous week. Mortgage rates are also expected to continue declining this year as the Federal Reserve is expected to continue its cutting cycle. The consensus is that the 30-year fixed mortgage rate will drop to the low 6% range by the end of the year and into the high 5% range in 2025. The following are the top homebuilder ( NYSEARCA: XHB SPSIHO ), and building products ( PKB ) stocks, rated by Seeking Alpha quant metrics: Meritage Homes Corp. ( MTH ) – Quant rating: 4.83; Revenue FWD: 2.27% Green Brick Partners Inc. ( GRBK ) – Quant rating: 4.81; Revenue FWD: 8.16% Johnson Controls International Plc ( JCI ) – Quant rating: 4.79; Revenue FWD: 4.40% PulteGroup Inc. ( PHM ) – Quant rating: 4.74; Revenue FWD: 3.85% D.R. Horton Inc. ( DHI ) – Quant rating: 4.
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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
- 11/21/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/29/24 - Form 8-K
- MTH's page on the SEC website