Meritage Homes Co. (NYSE:MTH) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Meritage Homes Co. (NYSE:MTHFree Report) by 22.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,817 shares of the construction company’s stock after buying an additional 701 shares during the period. Janney Montgomery Scott LLC’s holdings in Meritage Homes were worth $665,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MTH. Lindbrook Capital LLC lifted its position in Meritage Homes by 91.6% in the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the construction company’s stock valued at $36,000 after purchasing an additional 98 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Meritage Homes during the 4th quarter worth about $47,000. Daiwa Securities Group Inc. bought a new stake in shares of Meritage Homes during the 4th quarter worth about $52,000. GAMMA Investing LLC bought a new stake in shares of Meritage Homes during the 4th quarter worth about $96,000. Finally, Blue Trust Inc. raised its position in shares of Meritage Homes by 45.7% during the 4th quarter. Blue Trust Inc. now owns 628 shares of the construction company’s stock worth $109,000 after buying an additional 197 shares in the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Meritage Homes

In other Meritage Homes news, CEO Phillippe Lord sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $162.79, for a total transaction of $406,975.00. Following the completion of the sale, the chief executive officer now directly owns 100,266 shares in the company, valued at approximately $16,322,302.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

Meritage Homes Stock Up 0.6 %

NYSE MTH opened at $176.35 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50 day simple moving average is $169.18 and its 200 day simple moving average is $163.14. Meritage Homes Co. has a 12 month low of $109.23 and a 12 month high of $189.96. The company has a market capitalization of $6.40 billion, a P/E ratio of 8.23 and a beta of 1.75.

Meritage Homes (NYSE:MTHGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $5.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $1.52. Meritage Homes had a net margin of 12.54% and a return on equity of 17.63%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts expect that Meritage Homes Co. will post 20.27 earnings per share for the current fiscal year.

Meritage Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, June 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.70%. Meritage Homes’s dividend payout ratio is 13.99%.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com upgraded shares of Meritage Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods boosted their price target on shares of Meritage Homes from $180.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Zelman & Associates upgraded shares of Meritage Homes from a “neutral” rating to an “outperform” rating in a report on Monday, February 26th. Finally, Wedbush reiterated an “underperform” rating and issued a $148.00 target price on shares of Meritage Homes in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Meritage Homes has an average rating of “Hold” and a consensus price target of $178.25.

Read Our Latest Research Report on MTH

About Meritage Homes

(Free Report)

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.

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Institutional Ownership by Quarter for Meritage Homes (NYSE:MTH)

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