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Meritage Homes Corp. (MTH) CEO Steven J Hilton sells 16,000 Shares

August 30, 2012 | About:
insider

insider

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CEO of Meritage Homes Corp. (MTH) Steven J Hilton sells 16,000 shares of MTH on 08/27/2012 at an average price of $36.6 a share.

Meritage Homes Corporation has a market cap of $1.21 billion; its shares were traded at around $36.25 with a P/E ratio of 462.5 and P/S ratio of 1.4.

CFO Recent Trades:


  • Executive VP - CFO Larry Wayne Seay sold 59,482 shares of MTH stock on 08/27/2012 at the average price of 36.25. Larry Wayne Seay owns at least 35,000 shares after this. The price of the stock has decreased by 0% since.

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:


  • Director Dana Bradford bought 10,000 shares of MTH stock on 05/17/2012 at the average price of 28.62. Dana Bradford owns at least 1,021,000 shares after this. The price of the stock has increased by 26.66% since.
  • Chief Accounting Officer Hilla Sferruzza sold 1,306 shares of MTH stock on 05/14/2012 at the average price of 28.75. Hilla Sferruzza owns at least 13,800 shares after this. The price of the stock has increased by 26.09% 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


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