Investors may wish to note that the VP, Corporate Controller & Chief Accounting Officer of Meritage Homes Corporation, Alison Sasser, recently netted US$88k from selling stock, receiving an average price of US$87.92. It might not be a huge sale, but it did reduce their holding size 41%, hardly encouraging.
Meritage Homes Insider Transactions Over The Last Year
The Executive Chairman, Steven Hilton, made the biggest insider sale in the last 12 months. That single transaction was for US$7.5m worth of shares at a price of US$121 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$86.11. So it may not shed much light on insider confidence at current levels.
Insiders in Meritage Homes didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Meritage Homes Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Meritage Homes insiders own 1.9% of the company, worth about US$60m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Meritage Homes Tell Us?
An insider hasn't bought Meritage Homes stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Meritage Homes is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Meritage Homes. Our analysis shows 3 warning signs for Meritage Homes (2 don't sit too well with us!) and we strongly recommend you look at these before investing.
Of course Meritage Homes may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
|Analysis Area||Score (0-6)|
Read more about these checks in the individual report sections or in our analysis model.
Excellent balance sheet with solid track record.