Meritage Stock Analysis

Meritage Stock Analysis Notes

About 98.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.25. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Meritage has Price/Earnings To Growth (PEG) ratio of 1.28. The entity recorded earning per share (EPS) of 19.92. The firm last dividend was issued on the 14th of March 2024. Meritage had 2:1 split on the 10th of January 2005. Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona. Meritage Corp operates under Residential Construction classification in the United States and is traded on New York Stock Exchange. It employs 1773 people. To find out more about Meritage contact Steven Hilton at 480 515 8100 or learn more at https://www.meritagehomes.com.

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Meritage Thematic Classifications

Meritage Stock Institutional Investors

Note, although Meritage's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Meritage Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 5.52 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Meritage's market, we take the total number of its shares issued and multiply it by Meritage's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Meritage Profitablity

The company has Net Profit Margin of 0.12 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.15 %, which entails that for every 100 dollars of revenue, it generated $0.15 of operating income.

Management Efficiency

Meritage has Return on Asset of 0.093 % which means that on every $100 spent on assets, it made $0.093 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1726 %, implying that it generated $0.1726 on every 100 dollars invested. Meritage's management efficiency ratios could be used to measure how well Meritage manages its routine affairs as well as how well it operates its assets and liabilities. The Meritage's current Return On Tangible Assets is estimated to increase to 0.13. The Meritage's current Return On Capital Employed is estimated to increase to 0.23. As of now, Meritage's Other Assets are increasing as compared to previous years. The Meritage's current Total Current Assets is estimated to increase to about 6.3 B, while Intangible Assets are projected to decrease to under 23.1 M.

Technical Drivers

As of the 18th of April 2024, Meritage secures the Mean Deviation of 1.7, risk adjusted performance of (0.04), and Standard Deviation of 2.27. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Meritage, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Meritage, which can be compared to its peers in the industry. Please verify Meritage market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Meritage is priced some-what accurately, providing market reflects its recent price of 150.09 per share. Given that Meritage has information ratio of (0.09), we recommend you to check Meritage's last-minute market performance to make sure the company can sustain itself at a future point.

Meritage Price Movement Analysis

Meritage Insider Trading Activities

Meritage Outstanding Bonds

Meritage Predictive Daily Indicators

Meritage Corporate Filings

Meritage Forecast Models

Meritage's time-series forecasting models are one of many Meritage's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Meritage's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Meritage prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Meritage shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Meritage. By using and applying Meritage Stock analysis, traders can create a robust methodology for identifying Meritage entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Meritage analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Meritage analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Meritage stock analysis indicators help investors evaluate how Meritage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Meritage shares will generate the highest return on investment. By understating and applying Meritage stock analysis, traders can identify Meritage position entry and exit signals to maximize returns.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

When running Meritage's price analysis, check to measure Meritage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Meritage is operating at the current time. Most of Meritage's value examination focuses on studying past and present price action to predict the probability of Meritage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage's price. Additionally, you may evaluate how the addition of Meritage to your portfolios can decrease your overall portfolio volatility.

Is Meritage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.