Meritage Homes Corporation $MTH Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its stake in Meritage Homes Corporation (NYSE:MTH) by 111.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,583 shares of the construction company’s stock after purchasing an additional 16,676 shares during the period. XTX Topco Ltd’s holdings in Meritage Homes were worth $2,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MTH. Atlantic Union Bankshares Corp acquired a new stake in Meritage Homes in the second quarter worth $33,000. Assetmark Inc. increased its holdings in shares of Meritage Homes by 166.5% in 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 lifted its position in Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after purchasing an additional 219 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Meritage Homes during the first quarter valued at $48,000. Finally, Brooklyn Investment Group raised its stake in shares of Meritage Homes by 5,941.7% during the first quarter. Brooklyn Investment Group now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 713 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors.

Meritage Homes Price Performance

Shares of NYSE:MTH opened at $74.01 on Thursday. The company has a market capitalization of $5.21 billion, a PE ratio of 7.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.16 and a current ratio of 1.95. The stock has a fifty day moving average of $69.76 and a 200-day moving average of $70.58. Meritage Homes Corporation has a one year low of $59.27 and a one year high of $98.67.

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

Meritage Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, December 17th. Meritage Homes’s payout ratio is presently 17.48%.

Wall Street Analysts Forecast Growth

MTH has been the subject of several research analyst reports. Bank of America reduced their price objective on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 10th. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their price objective on shares of Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Evercore ISI lowered their price objective on shares of Meritage Homes from $82.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Meritage Homes has an average rating of “Hold” and a consensus target price of $84.71.

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.