Summit Global Investments Acquires New Stake in Meritage Homes Corporation $MTH

Summit Global Investments acquired a new stake in Meritage Homes Corporation (NYSE:MTH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,803 shares of the construction company’s stock, valued at approximately $1,074,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Meritage Homes by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,901,851 shares of the construction company’s stock worth $190,943,000 after acquiring an additional 16,338 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Meritage Homes by 58.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after acquiring an additional 527,265 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Meritage Homes by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares during the period. Norges Bank purchased a new stake in shares of Meritage Homes in the fourth quarter valued at approximately $63,053,000. Finally, Bank of New York Mellon Corp grew its stake in Meritage Homes by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 855,679 shares of the construction company’s stock worth $56,304,000 after purchasing an additional 61,342 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors.

Key Stories Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $1.03 from $0.96, suggesting some expected improvement in that quarter.
• Neutral Sentiment: The current full-year consensus EPS estimate is approximately $5.04, while Zacks forecasts FY2026 EPS of $5.01, FY2027 EPS of $5.88 and FY2028 EPS of $7.01.
• Negative Sentiment: Nearer-term estimates were reduced: Q3 2026 EPS fell to $1.25 from $1.41, Q4 2026 EPS to $1.48 from $1.57, and FY2026 EPS to $5.01 from $5.17.
• Negative Sentiment: Several longer-term forecasts were also cut, including FY2027 EPS to $5.88 from $6.10 and FY2028 EPS to $7.01 from $7.36. Zacks lowered Q3 2027 EPS particularly sharply, to $1.48 from $1.72, as well as Q1 and Q2 2028 EPS to $1.12 and $1.89, respectively.
• Negative Sentiment: The revisions indicate analysts now expect weaker profitability than previously projected, which is likely weighing on Read More.. The cautious outlook comes after Meritage’s latest quarterly revenue declined 14.1% year over year, despite an earnings beat.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTH. Weiss Ratings upgraded Meritage Homes from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Bank of America lowered their target price on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, April 20th. UBS Group reissued a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Meritage Homes in a research report on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of Meritage Homes in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Meritage Homes from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Meritage Homes has a consensus rating of “Hold” and a consensus target price of $79.25.

Meritage Homes Price Performance

Shares of MTH stock opened at $73.21 on Friday. The stock’s 50-day moving average is $75.10 and its 200 day moving average is $70.34. Meritage Homes Corporation has a 1-year low of $58.03 and a 1-year high of $85.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $4.77 billion, a P/E ratio of 15.32, a PEG ratio of 5.39 and a beta of 1.36.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $2.04 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. Research analysts predict that Meritage Homes Corporation will post 5.04 earnings per share for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s dividend payout ratio (DPR) is 40.17%.

Meritage Homes Company Profile

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single?family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high?performance features aimed at reducing long?term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.