Burney Co. Lowers Stock Holdings in Meritage Homes Corporation $MTH

Burney Co. lowered its holdings in Meritage Homes Corporation (NYSE:MTH) by 39.1% in the second quarter, Holdings Channel.com reports. The firm owned 8,800 shares of the construction company’s stock after selling 5,661 shares during the period. Burney Co.’s holdings in Meritage Homes were worth $589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTH. Cambridge Investment Research Advisors Inc. grew its position in shares of Meritage Homes by 151.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,202 shares of the construction company’s stock valued at $440,000 after purchasing an additional 3,731 shares during the period. Teacher Retirement System of Texas grew its position in shares of Meritage Homes by 46.7% in the first quarter. Teacher Retirement System of Texas now owns 34,919 shares of the construction company’s stock valued at $2,475,000 after purchasing an additional 11,117 shares during the period. Principal Financial Group Inc. boosted its holdings in Meritage Homes by 105.8% in the first quarter. Principal Financial Group Inc. now owns 395,654 shares of the construction company’s stock valued at $28,044,000 after acquiring an additional 203,420 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Meritage Homes by 75.0% in the first quarter. Bank of New York Mellon Corp now owns 710,281 shares of the construction company’s stock valued at $50,345,000 after acquiring an additional 304,427 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in Meritage Homes by 77.9% in the first quarter. Penserra Capital Management LLC now owns 6,510 shares of the construction company’s stock valued at $461,000 after acquiring an additional 2,851 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling

In other Meritage Homes news, CEO Phillippe Lord sold 6,950 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $80.01, for a total value of $556,069.50. Following the transaction, the chief executive officer directly owned 221,320 shares of the company’s stock, valued at $17,707,813.20. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Zelman & Associates upgraded Meritage Homes to a “strong-buy” rating in a report on Thursday, July 24th. Zacks Research upgraded 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 Meritage Homes from $82.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Meritage Homes in a report on Wednesday, October 8th. Finally, Bank of America reduced their target price on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Meritage Homes has an average rating of “Hold” and an average price target of $84.71.

Meritage Homes Trading Up 1.7%

NYSE:MTH opened at $66.41 on Thursday. The business’s 50-day moving average is $72.98 and its two-hundred day moving average is $70.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16. Meritage Homes Corporation has a 12 month low of $59.27 and a 12 month high of $98.74. The firm has a market capitalization of $4.68 billion, a PE ratio of 6.75 and a beta of 1.35.

Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $5.34 earnings per share. The company’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. Research analysts predict that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Announces Dividend

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