Meritage Homes Corporation $MTH Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Meritage Homes Corporation (NYSE:MTH) by 13.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 57,688 shares of the construction company’s stock after selling 8,939 shares during the quarter. Intech Investment Management LLC’s holdings in Meritage Homes were worth $3,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in Meritage Homes during the second quarter worth about $33,000. Assetmark Inc. increased its holdings in shares of Meritage Homes by 166.5% during the 1st quarter. Assetmark Inc. now owns 581 shares of the construction company’s stock worth $41,000 after buying an additional 363 shares during the last quarter. Signaturefd LLC raised its position in shares of Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after buying an additional 219 shares during the period. SVB Wealth LLC acquired a new position in Meritage Homes in the first quarter valued at approximately $48,000. Finally, Brooklyn Investment Group lifted its holdings in Meritage Homes by 5,941.7% in the first quarter. Brooklyn Investment Group now owns 725 shares of the construction company’s stock valued at $51,000 after acquiring an additional 713 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meritage Homes

In other news, CEO Phillippe Lord sold 6,950 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.01, for a total transaction of $556,069.50. Following the sale, the chief executive officer owned 221,320 shares of the company’s stock, valued at approximately $17,707,813.20. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America cut their target price on Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a research report on Thursday, November 13th. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zelman & Associates raised shares of Meritage Homes to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Zacks Research raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.71.

Meritage Homes Stock Performance

Shares of Meritage Homes stock opened at $65.67 on Wednesday. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 6.67 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16. The business has a 50-day moving average of $70.74 and a 200 day moving average of $70.53. Meritage Homes Corporation has a 12 month low of $59.27 and a 12 month high of $98.74.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $5.34 EPS. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, sell-side analysts forecast that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Meritage Homes’s dividend payout ratio (DPR) is currently 17.48%.

About Meritage Homes

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.