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Director Dennis V. Arriola of Meritage Homes CORP (NYSE:MTH), a homebuilder currently trading at an attractive P/E ratio of 7.85, recently purchased shares of the company’s stock, according to a Form 4 filing. InvestingPro analysis suggests the stock is currently undervalued, making this insider purchase particularly noteworthy.
The filing reveals that Arriola engaged in multiple purchase transactions. On December 31, 2024, Arriola acquired 20 shares at $77.21. Further, on July 25, 2025, he bought 2,200 shares at $70. These transactions represent a total investment of $155,544 with prices ranging from $70.0 to $77.21. With analyst targets ranging from $60 to $107, these purchases align with the current market dynamics of the $5 billion market cap company.
Additionally, Arriola acquired shares through dividend reinvestment on March 31, 2025 and June 30, 2025, purchasing 45 shares at $69.62 and 47 shares at $66.62 respectively, for a total value of $6,264.
Following these transactions, Arriola directly holds 3,200 restricted stock units not vested, and indirectly holds 9,512 shares in trust.
In other recent news, Meritage Corporation reported its financial results for the second quarter of 2025, exceeding Wall Street expectations. The company posted an earnings per share (EPS) of $2.04, surpassing the forecasted $1.98. Additionally, Meritage’s revenue reached $1.61 billion, outperforming the anticipated $1.59 billion. Despite these positive earnings and revenue results, the company’s stock experienced a decline, attributed to investor concerns about broader market trends and internal challenges. These recent developments highlight Meritage’s ability to surpass financial projections, even amid a challenging market environment.
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