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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/17/2024 |
$153.50 |
$155.87 |
$149.40 |
$150.14 |
337.30K | | 04/18/2024 |
$154.50 |
$154.50 |
$149.63 |
$150.09 |
362.00K | | 04/19/2024 |
$150.22 |
$152.71 |
$149.81 |
$150.43 |
285.30K | | 04/22/2024 |
$151.70 |
$153.72 |
$150.27 |
$152.07 |
215.10K | | 04/23/2024 |
$153.03 |
$158.82 |
$153.03 |
$158.19 |
267.10K |
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| Meritage Homes is a holding company. Through its subsidiaries, Co. designs and builds single-family homes. Co. provides a variety of homes that are designed for the first-time and first move-up buyers. Co. also operates a financial services reporting segment. In this segment, Co. provides title and escrow, mortgage, and insurance services. Carefree Title Agency, Inc., its wholly-owned title company, provides title insurance and closing/settlement services to its homebuyers. Meritage Homes Insurance Agency, Inc., its wholly-owned insurance broker, works in collaboration with insurance companies nationwide to provide homeowners insurance and other insurance products to its homebuyers. | |
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Meritage Homes (MTH) has the following price history information. Looking back at MTH historical stock prices for the last five trading days, on April 17, 2024, MTH opened at $153.50, traded as high as $155.87 and as low as $149.40, and closed at $150.14. Trading volume was a total of 337.30K shares. On April 18, 2024, MTH opened at $154.50, traded as high as $154.50 and as low as $149.63, and closed at $150.09. Trading volume was a total of 362.00K shares. On April 19, 2024, MTH opened at $150.22, traded as high as $152.71 and as low as $149.81, and closed at $150.43. Trading volume was a total of 285.30K shares. On April 22, 2024, MTH opened at $151.70, traded as high as $153.72 and as low as $150.27, and closed at $152.07. Trading volume was a total of 215.10K shares. On April 23, 2024, MTH opened at $153.03, traded as high as $158.82 and as low as $153.03, and closed at $158.19. Trading volume was a total of 267.10K shares.
MTH Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Meritage Homes shares, starting with a $10,000 purchase of MTH, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$38.26 |
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| End price/share: |
$158.19 |
|
| Starting shares: |
261.37 |
|
| Ending shares: |
264.79 |
|
| Dividends reinvested/share: |
$1.83 |
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| Total return: |
318.88% |
|
| Average Annual Total Return: |
15.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$41,901.40 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/25/2014 |
|
| End date: |
04/23/2024 |
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| Start price/share: |
$38.26 |
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| End price/share: |
$158.19 |
|
| Dividends collected/share: |
$1.83 |
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| Total return: |
318.24% |
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| Average Annual Total Return: |
15.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$41,828.82 |
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| Years: |
10.00 |
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| Date |
Close |
| 04/17/2024 | $150.14 | | 04/18/2024 | $150.09 | | 04/19/2024 | $150.43 | | 04/22/2024 | $152.07 | | 04/23/2024 | $158.19 |
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