How to Buy Meritage Homes Stock
Meritage Homes Corp
Meritage Homes is a construction company located in Arizona, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MTH on the NYSE exchange.
Meritage Homes stock last closed at $155.16, down 2.49% from the previous day, and has increased 26.25% in one year. It has underperformed other stocks in the Residential Construction industry by 0.12 percentage points. Meritage Homes stock is currently +42.05% from its 52-week low of $109.23, and -13.65% from its 52-week high of $179.69.
As of Apr 15, 2024, there are 36.17M MTH shares outstanding. The market capitalization of MTH is $5.61B. In the past 24 hours, 260,629 MTH shares were traded.
How to Buy Meritage Homes Stock
Not sure how to invest in Meritage Homes stock? Here's how.
- Figure out where to buy Meritage Homes stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Meritage Homes stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your info.
- Analyze Meritage Homes stock: The Meritage Homes ticker symbol is MTH. Is Meritage Homes stock a good investment? Should you buy shares of MTH? How do MTH's underlying business fundamentals look? Do top analysts think Meritage Homes is a good buy? Why has MTH's stock price moved recently? (Hint: Our stock market research tools can help you decide if MTH is a good stock to buy).
- Make your MTH purchase: Decide if you will purchase MTH shares at the current market price or use a limit order to purchase MTH shares at a given price.
- Get notifications regarding your investment in MTH: Create a watchlist to the latest updates on your new investment in Meritage Homes stock.
Step 1: Figure out where to buy Meritage Homes stock
You need an online brokerage account in order to access the NYSE market and buy MTH stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you are able to buy MTH stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you've finished signing up on app for investing, you need to deposit funds:
Check out this video walkthrough for more details transferring funds into your investment account.
Step 4: Analyze Meritage Homes stock
After you have decided on the best place to buy Meritage Homes stock, it's absolutely critical to analyze their stock before you invest, so you can understand the risk and upside.
Overview of key MTH info
MTH Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis.
You can see all of the due diligence checks on MTH's stock page.
Is MTH stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge MTH's fair value.
Using relative valuations measures:
- MTH could be undervalued based on its P/E ratio of 7.69x, relative to Residential Construction industry P/E ratio of 11.67x
- MTH could be undervalued based on its P/B ratio of 1.22x, relative to Residential Construction industry P/B ratio of 1.96x
- MTH could be undervalued based on its PEG ratio of 0.76x
You can do more valuation research on MTH's stock here.
MTH Financial Health Summary
Pros:
- Total MTH debt is lower than 5 years ago, relative to shareholder equity.
- MTH has a low debt to equity ratio of 0.38.
- MTH earnings of $949.43M is not enough to cover its interest payments.
- MTH's operating cash flow of $355.57M allows it to safely service it's debt of $1.01B.
Cons:
- MTH profit margin has gone down from 15.8% to 12% in the past year.
Is it a good time to buy Meritage Homes stock, according to Wall Street analysts?
Out of 3 sell side analysts who track MTH, the consensus analyst rating on Meritage Homes is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Meritage Homes stock forecast page.
MTH Trading Indicators
MTH Performance Metrics
Last year, MTH earnings were $738.75M. Over the last five year, MTH's earnings have grown by 28.89% per year. This was faster than the Residential Construction industry average of 22.73%.
Last year, MTH revenue was $6.14B. During the last five year, MTH's revenue has increased by 11.61% per year. This was slower than the Residential Construction industry average of 11.91%.
Dig into MTH's earnings and revenue performance here.
Who is buying/selling MTH?
In the past year, executives and large shareholders at MTH have sold more shares than they have bought.
Phillippe Lord, Chief Executive Officer of MTH, was the latest MTH insider to sell. They sold $406,975.00 worth of MTH stock on Mar 13, 2024.
Dig into more about who owns MTH stock here.
Does MTH stock generate passive income?
Meritage Homes pays a dividend of 1.01%, compared to the Residential Construction industry's average dividend yield of 1.24%. If you owned $1,000 worth of MTH stock, you would have received $10.05 in the past year.
Meritage Homes dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Meritage Homes dividend yield and history here.
What do other investors have to say about MTH?
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Step 5: Make your MTH purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will place your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in MTH
Now that you own some shares in MTH, you'll want to stay up-to-date on your new investment.
Create a watchlist to track the latest developments regarding your MTH stock.
MTH Feed
How to Buy Stock in Meritage Homes
To reiterate, here are the 6 steps to buy stock in Meritage Homes:
- Figure out where to buy Meritage Homes stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Analyze Meritage Homes stock
- Make your MTH purchase
- Get notifications regarding your investment in MTH
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Meritage Homes, click below.
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