Meritage Homes (MTH) Reaches $45.78 After 3.00% Up Move; Paychex, Inc. (PAYX) Had 1 Bulls

May 25, 2018 - By Hazel Jackson

Meritage Homes Corporation (NYSE:MTH) Logo

The stock of Meritage Homes Corporation (NYSE:MTH) is a huge mover today! The stock increased 2.76% or $1.23 during the last trading session, reaching $45.78. About 139,716 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 26.14% since May 25, 2017 and is uptrending. It has outperformed by 14.59% the S&P500.The move comes after 5 months positive chart setup for the $1.86 billion company. It was reported on May, 25 by Barchart.com. We have $47.15 PT which if reached, will make NYSE:MTH worth $55.83M more.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. Citigroup maintained Paychex, Inc. (NASDAQ:PAYX) rating on Thursday, September 29. Citigroup has “Sell” rating and $53 target. The stock has “Hold” rating by Robert W. Baird on Monday, September 11. The stock has “Sell” rating by Citigroup on Thursday, March 31. The stock has “Sell” rating by Citigroup on Wednesday, October 4. The firm has “Sell” rating by RBC Capital Markets given on Thursday, December 21. Goldman Sachs upgraded Paychex, Inc. (NASDAQ:PAYX) on Friday, December 16 to “Buy” rating. The company was maintained on Thursday, December 24 by Argus Research. On Wednesday, June 28 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Neutral” rating by JP Morgan on Tuesday, March 27. BMO Capital Markets maintained it with “Hold” rating and $70.0 target in Monday, January 22 report. See Paychex, Inc. (NASDAQ:PAYX) latest ratings:

17/04/2018 Broker: Bank of America Rating: Hold Downgrade
02/04/2018 Broker: Argus Research Rating: Buy
02/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $63.0000 Upgrade
28/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $67 New Target: $64 Maintain
27/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $75 New Target: $70 Maintain
26/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $63.0000 Maintain
27/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $65 Maintain
26/03/2018 Broker: Robert W. Baird Rating: Hold New Target: $67.0000 Maintain
26/03/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $66.0000 Maintain
26/03/2018 Broker: RBC Capital Markets Rating: Sell New Target: $63.0000 Maintain

Among 20 analysts covering Meritage (NYSE:MTH), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. Meritage had 62 analyst reports since July 30, 2015 according to SRatingsIntel. UBS downgraded Meritage Homes Corporation (NYSE:MTH) on Wednesday, August 12 to “Neutral” rating. The firm earned “Neutral” rating on Wednesday, February 14 by Bank of America. Citigroup maintained Meritage Homes Corporation (NYSE:MTH) rating on Monday, October 30. Citigroup has “Neutral” rating and $51 target. Keefe Bruyette & Woods maintained the shares of MTH in report on Thursday, October 19 with “Hold” rating. As per Friday, February 2, the company rating was maintained by JMP Securities. Zacks upgraded the stock to “Sell” rating in Friday, August 14 report. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. The firm has “Mkt Perform” rating given on Thursday, September 10 by FBR Capital. The firm earned “Outperform” rating on Tuesday, January 5 by FBN Securities. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 2.

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.14, from 1.25 in 2017Q3. It improved, as 16 investors sold Meritage Homes Corporation shares while 46 reduced holdings. 38 funds opened positions while 48 raised stakes. 37.83 million shares or 7.28% less from 40.81 million shares in 2017Q3 were reported. Public Sector Pension Board holds 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 23,866 shares. Mason Street Advisors Ltd Company holds 0.01% or 9,859 shares in its portfolio. Etrade Mgmt Limited Liability invested in 0.01% or 5,791 shares. Glenmede Trust Na has 0% invested in Meritage Homes Corporation (NYSE:MTH) for 110 shares. 150,000 were accumulated by Gabelli Funds Limited Liability Corporation. Credit Suisse Ag reported 88,808 shares. Moreover, State Of Alaska Department Of Revenue has 0.01% invested in Meritage Homes Corporation (NYSE:MTH). Teachers Retirement Of The State Of Kentucky reported 14,142 shares. Pdt Ptnrs Lc accumulated 0.17% or 111,069 shares. Echo Street Capital Mgmt Limited Liability Corp stated it has 1.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Moreover, Employees Retirement Association Of Colorado has 0% invested in Meritage Homes Corporation (NYSE:MTH). Parametric Associate Lc accumulated 0.01% or 126,227 shares. Rhumbline Advisers stated it has 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Brandywine Glob Invest Mgmt Llc has invested 0.04% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Macquarie Group Limited invested 0.14% in Meritage Homes Corporation (NYSE:MTH).

Since December 12, 2017, it had 0 buys, and 8 insider sales for $1.80 million activity. Sferruzza Hilla had sold 363 shares worth $16,462 on Wednesday, February 14. WHITE C TIMOTHY also sold $331,452 worth of Meritage Homes Corporation (NYSE:MTH) shares. $217,391 worth of Meritage Homes Corporation (NYSE:MTH) was sold by Lord Phillippe on Monday, April 2. Another trade for 12,500 shares valued at $550,250 was made by AX PETER L on Thursday, March 8. Sarver Robert Gary sold $605,640 worth of stock.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on August, 7. They expect $1.16 earnings per share, up 18.37% or $0.18 from last year’s $0.98 per share. MTH’s profit will be $47.16 million for 9.87 P/E if the $1.16 EPS becomes a reality. After $1.07 actual earnings per share reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 8.41% EPS growth.

More recent Meritage Homes Corporation (NYSE:MTH) news were published by: Benzinga.com which released: “BofA Upgrades Meritage Homes In Bullish Turn On Homebuilders, Downgrades 3 Building Products Names” on May 14, 2018. Also Seekingalpha.com published the news titled: “Meritage Homes (MTH) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in Meritage, AllianceBernstein Holding, Viper Energy Partners LP, Huron …” with publication date: May 21, 2018 was also an interesting one.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.86 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 13.41 P/E ratio. It acquires and develops land; and constructs, markets, and sells homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes and Monterey Homes brand names.

Paychex, Inc. provides payroll, human resource , retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company has market cap of $23.73 billion. The firm offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It has a 28.47 P/E ratio. It also provides HR outsourcing services, such as Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It dropped, as 39 investors sold Paychex, Inc. shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. 4,345 are held by Schmidt P J Mgmt Incorporated. Stock Yards Bancshares stated it has 256,009 shares or 1.92% of all its holdings. Franklin Street Advisors Nc invested in 1.12% or 110,189 shares. Savings Bank Of New York Mellon owns 0.14% invested in Paychex, Inc. (NASDAQ:PAYX) for 7.84 million shares. Mitchell Mcleod Pugh And Williams holds 0.31% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 6,666 shares. Visionary Asset Mngmt Inc reported 3,195 shares. Tributary Cap Limited Com invested 0.14% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Brinker Capital owns 62,164 shares for 0.16% of their portfolio. 601,006 were accumulated by First Trust Advsrs Limited Partnership. Shell Asset Mgmt Commerce holds 0.23% in Paychex, Inc. (NASDAQ:PAYX) or 170,960 shares. Hanson Mcclain stated it has 0% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Hartford Mgmt holds 0.61% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 18,113 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 15,319 shares for 0.04% of their portfolio. Tiverton Asset Mngmt Ltd Limited Liability Company holds 5,468 shares. Sfmg Lc has invested 0.04% in Paychex, Inc. (NASDAQ:PAYX).

The stock increased 0.27% or $0.18 during the last trading session, reaching $66.05. About 470,433 shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since May 25, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Since January 4, 2018, it had 0 insider buys, and 4 insider sales for $10.03 million activity. The insider Gioja Michael E sold $2.36M. Another trade for 3,079 shares valued at $200,135 was sold by VELLI JOSEPH M. On Tuesday, January 16 Vossler Jennifer R. sold $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) or 10,000 shares.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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