Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Alison Sasser, the Senior Vice President and Chief Accounting Officer of Meritage Homes Corp (NYSE:MTH), executed a notable transaction involving the company’s stock on February 19, 2025. According to a recent SEC filing, Sasser sold 676 shares of Meritage Homes stock at a price of $72.03 per share, totaling approximately $48,692. This sale was conducted under a Rule 10b5-1 plan, specifically to cover required tax withholdings. The transaction occurred as the stock trades near its 52-week low of $71.05, with InvestingPro analysis indicating the company is currently undervalued based on its Fair Value assessment.
In addition to the sale, Sasser also acquired 2,866 restricted share units, which are set to vest ratably over five years on the anniversary of the grant date. Following these transactions, Sasser’s direct ownership of Meritage Homes stock stands at 5,933 shares. The company maintains robust financial health with a current ratio of 10.58 and trades at an attractive P/E ratio of 6.82. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including MTH.
In other recent news, Meritage Corporation reported its fourth-quarter 2024 financial results, exceeding earnings expectations with an earnings per share (EPS) of $4.72, surpassing the forecast of $2.28. The company also reported revenue of $1.6 billion, slightly above the expected $1.57 billion. Despite these strong financial figures, Meritage’s stock witnessed a decline during regular and after-hours trading. The company maintained its position as a top 5 builder and expanded into new markets, including Huntsville, Alabama. In other developments, the homebuilding sector, including companies like LGI Homes (NASDAQ:LGIH), PulteGroup Inc (NYSE:PHM), Lennar (NYSE:LEN), Toll Brothers (NYSE:TOL), DR Horton (NYSE:DHI), and Meritage, is facing challenges due to a 25% tariff on Canadian lumber imports imposed by President Trump. This tariff is expected to increase costs for homebuilders, raising concerns about rising expenses and potential impacts on home prices. As investors consider these recent developments, they are also monitoring the broader economic implications, including potential trade relations effects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.