Creative Planning Sells 2,561 Shares of Meritage Homes Corporation $MTH

Creative Planning reduced its position in Meritage Homes Corporation (NYSE:MTH) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,300 shares of the construction company’s stock after selling 2,561 shares during the period. Creative Planning’s holdings in Meritage Homes were worth $2,029,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Meritage Homes in the second quarter valued at approximately $33,000. Assetmark Inc. lifted its holdings in Meritage Homes by 166.5% during the 1st quarter. Assetmark Inc. now owns 581 shares of the construction company’s stock valued at $41,000 after purchasing an additional 363 shares during the last quarter. Signaturefd LLC lifted its holdings in Meritage Homes by 54.9% during 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 bought a new position in Meritage Homes during the first quarter worth $48,000. Finally, Brooklyn Investment Group increased its holdings in shares of Meritage Homes by 5,941.7% in 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 during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Bank of America cut their price objective on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 23rd. Wall Street Zen cut Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Meritage Homes in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.71.

Meritage Homes Stock Up 4.2%

NYSE MTH opened at $73.00 on Wednesday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 7.42 and a beta of 1.35. Meritage Homes Corporation has a 1-year low of $59.27 and a 1-year high of $98.67. The company has a current ratio of 1.95, a quick ratio of 2.16 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $69.79 and a 200-day moving average of $70.56.

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

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, December 17th. Meritage Homes’s dividend payout ratio is presently 17.48%.

About Meritage Homes

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.