Rhumbline Advisers Purchases 3,710 Shares of Meritage Homes Corporation $MTH

Rhumbline Advisers increased its position in Meritage Homes Corporation (NYSE:MTH) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,305 shares of the construction company’s stock after purchasing an additional 3,710 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Meritage Homes worth $14,486,000 as of its most recent SEC filing.

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

Meritage Homes Stock Performance

Shares of Meritage Homes stock opened at $73.08 on Friday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 7.43 and a beta of 1.35. Meritage Homes Corporation has a fifty-two week low of $59.27 and a fifty-two week high of $97.46. 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 company’s 50 day moving average price is $69.66 and its two-hundred day moving average price is $70.62.

Meritage Homes (NYSE:MTH) last announced 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). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The company’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $5.34 earnings per share. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, equities analysts forecast that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 17th. Meritage Homes’s dividend payout ratio (DPR) is currently 17.48%.

Analyst Ratings Changes

Several equities analysts have commented on MTH shares. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Evercore ISI reduced their target price on shares of Meritage Homes from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a report on Tuesday. UBS Group set a $101.00 price objective on Meritage Homes and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and a consensus target price of $84.71.

Meritage Homes Company Profile

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.