Professional
Added to YB: 2024-10-17
Pitch date: 2024-09-30
MTH [bullish]
Meritage Homes Corporation
-1.3%
current return
Author Info
No bio for this author
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Company Info
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States.
Market Cap
$7.2B
Pitch Price
$205.96
Price Target
N/A
Dividend
1.52%
Sector
Household Durables
Category
turnaround
ClearBridge Small Cap Strategy New Position: Meritage Homes Corporation
MTH: Homebuilder in W/SE US. Despite high mortgage rates, US housing shortage persists. Expected interest rate decline to boost sector. Switched from CCS to MTH for higher historical returns at similar valuation. Largest new position in consumer discretionary sector.
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