Fisher Asset Management LLC Has $44.96 Million Stake in Meritage Homes Corporation $MTH

Fisher Asset Management LLC lowered its position in shares of Meritage Homes Corporation (NYSE:MTH) by 49.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 671,307 shares of the construction company’s stock after selling 647,076 shares during the period. Fisher Asset Management LLC owned about 0.94% of Meritage Homes worth $44,957,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MTH. Atlantic Union Bankshares Corp bought a new stake in shares of Meritage Homes during the second quarter worth about $33,000. Assetmark Inc. boosted its position in Meritage Homes by 166.5% during the 1st quarter. Assetmark Inc. now owns 581 shares of the construction company’s stock worth $41,000 after buying an additional 363 shares during the period. Signaturefd LLC grew its holdings in Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after acquiring an additional 219 shares during the last quarter. SVB Wealth LLC acquired a new position in Meritage Homes in the 1st quarter valued at approximately $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 acquiring an additional 713 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MTH shares. JPMorgan Chase & Co. increased their price objective on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Evercore ISI reduced their price target 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. Bank of America lowered their price objective on Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen cut Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a research report on Monday. One investment 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 company. According to MarketBeat.com, Meritage Homes currently has an average rating of “Hold” and a consensus target price of $84.71.

Meritage Homes Stock Up 0.4%

Shares of Meritage Homes stock opened at $73.23 on Wednesday. The stock’s 50-day moving average is $69.66 and its 200 day moving average is $70.71. Meritage Homes Corporation has a one year low of $59.27 and a one year high of $96.07. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 7.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16.

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

Meritage Homes Dividend Announcement

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

Meritage Homes Company 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.