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Meritage Homes Corp. (MTH) Executive VP - CFO Larry Wayne Seay sells 5,638 Shares

February 15, 2011 | About:
insider

insider

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Executive VP - CFO of Meritage Homes Corp. (MTH) Larry Wayne Seay sells 5,638 shares of MTH on 02/14/2011 at an average price of $25.74 a share.

Meritage Homes Corp. has a market cap of $834.6 million; its shares were traded at around $25.98 with a P/E ratio of 92.8 and P/S ratio of 0.9.

Hedge Fund Gurus that owns MTH: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns MTH: Arnold Schneider of Schneider Capital Management.


This is the insider trade history vs. stock price of MTH. For the complete insider trading history of MTH, click here.




Directors and Officers Recent Trades:


  • Sell: Chief Accounting Officer Hilla Sferruzza sold 360 shares of MTH stock on 01/18/2011 at the average price of 24.38. Hilla Sferruzza owns at least 4,640 shares after this. The price of the stock has increased by 6.56% since.

  • Sell: Exec VP - COO Steven M Davis sold 4,922 shares of MTH stock on 11/03/2010 at the average price of 18.25. Steven M Davis owns at least 45,419 shares after this. The price of the stock has increased by 42.36% since.

  • Sell: Exec VP - COO Steven M Davis sold 6,000 shares of MTH stock on 08/25/2010 at the average price of 17.5. Steven M Davis owns at least 52,024 shares after this. The price of the stock has increased by 48.46% since.



For the complete insider trading history of MTH, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 5.0/5 (2 votes)

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