Meritage Homes Corporation $MTH Shares Sold by Creative Planning

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

A number of other hedge funds and other institutional investors have also made changes to their positions in MTH. Arkadios Wealth Advisors raised its position in shares of Meritage Homes by 3.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,566 shares of the construction company’s stock valued at $373,000 after buying an additional 186 shares during the period. QRG Capital Management Inc. increased its stake in Meritage Homes by 2.5% during the second quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock worth $580,000 after acquiring an additional 208 shares during the last quarter. Signaturefd LLC raised its position in Meritage Homes by 54.9% in the second 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 period. Yousif Capital Management LLC lifted its stake in shares of Meritage Homes by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 28,846 shares of the construction company’s stock valued at $1,932,000 after purchasing an additional 348 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Meritage Homes by 2.6% in the 2nd quarter. US Bancorp DE now owns 14,228 shares of the construction company’s stock valued at $953,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Stock Up 4.2%

Meritage Homes stock opened at $73.00 on Wednesday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 7.42 and a beta of 1.35. The company has a current ratio of 1.95, a quick ratio of 2.16 and a debt-to-equity ratio of 0.35. Meritage Homes Corporation has a twelve month low of $59.27 and a twelve month high of $98.67. The stock’s fifty day simple moving average is $69.79 and its 200-day simple moving average is $70.56.

Meritage Homes (NYSE:MTH) last released 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). 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 quarter last year, the business posted $5.34 earnings per share. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, equities 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. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 17th. Meritage Homes’s payout ratio is 17.48%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTH. Bank of America reduced their price objective on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. UBS Group set a $101.00 price target on shares of Meritage Homes and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Meritage Homes in a research report on Wednesday, November 19th. Finally, Evercore ISI cut their target price on Meritage Homes from $82.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.71.

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.