MTH - Shares of Meritage Homes Corporation (MTH) Rise to a New 52-Week High

Shares of Meritage Homes Corporation (NYSE:MTH) traded today at $125.01, eclipsing its 52-week high. Approximately 87,000 shares have changed hands today, as compared to an average 30-day volume of 313,000 shares.

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry's leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities.

Meritage Homes Corporation (NYSE:MTH) is currently priced 35.1% above its average consensus analyst price target of $78.17.

Meritage Homes Corporation share prices have moved between a 52-week high of $125.01 and a 52-week low of $78.00 and are now trading 54% above that low price at $120.45 per share.

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