Meritage Homes Corporation $MTH Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its position in shares of Meritage Homes Corporation (NYSE:MTH) by 44.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,114 shares of the construction company’s stock after selling 25,192 shares during the period. Squarepoint Ops LLC’s holdings in Meritage Homes were worth $2,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arkadios Wealth Advisors increased its holdings in Meritage Homes by 3.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,566 shares of the construction company’s stock valued at $373,000 after acquiring an additional 186 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Meritage Homes by 2.5% in the second quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock valued at $580,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC increased its stake 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 purchasing an additional 219 shares in the last quarter. M&T Bank Corp increased its stake in shares of Meritage Homes by 5.6% during the 2nd quarter. M&T Bank Corp now owns 4,806 shares of the construction company’s stock worth $322,000 after purchasing an additional 256 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Meritage Homes by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 28,846 shares of the construction company’s stock worth $1,932,000 after purchasing an additional 348 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a report on Monday. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research cut Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, UBS Group set a $101.00 price target on shares of Meritage Homes and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.57.

Meritage Homes Stock Up 0.1%

Shares of NYSE:MTH opened at $68.33 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 6.94 and a beta of 1.44. The stock’s 50-day moving average price is $69.50 and its two-hundred day moving average price is $71.16. Meritage Homes Corporation has a 12-month low of $59.27 and a 12-month high of $84.74.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 earnings per share 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 company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $5.34 earnings per share. The company’s revenue was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, research analysts forecast that Meritage Homes Corporation will post 9.44 EPS for the current year.

Meritage Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.72 annualized dividend and a dividend yield of 2.5%. Meritage Homes’s payout ratio is currently 17.48%.

Meritage Homes 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.