Allspring Global Investments Holdings LLC Raises Holdings in Meritage Homes Corporation $MTH

Allspring Global Investments Holdings LLC increased its stake in shares of Meritage Homes Corporation (NYSE:MTH) by 90.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,754 shares of the construction company’s stock after purchasing an additional 56,746 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.17% of Meritage Homes worth $8,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTH. Atlantic Union Bankshares Corp purchased a new position in shares of Meritage Homes in the 2nd quarter worth $33,000. Signaturefd LLC increased its stake in Meritage Homes by 54.9% during the second 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. EverSource Wealth Advisors LLC raised its holdings in shares of Meritage Homes by 194.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after purchasing an additional 462 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Meritage Homes by 201.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,736 shares of the construction company’s stock valued at $126,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Meritage Homes in the 2nd quarter valued at about $202,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTH has been the subject of several research reports. Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America decreased their price target 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. Evercore ISI set a $77.00 price target on Meritage Homes and gave the company an “in-line” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.00.

Meritage Homes Trading Up 0.7%

MTH opened at $67.34 on Wednesday. Meritage Homes Corporation has a 12-month low of $59.27 and a 12-month high of $84.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $4.74 billion, a PE ratio of 6.84 and a beta of 1.48. The firm’s fifty day moving average price is $68.55 and its 200 day moving average price is $71.42.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate 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%.The business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, research analysts expect that Meritage Homes Corporation will post 9.44 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, December 17th. Meritage Homes’s dividend payout ratio (DPR) is 17.48%.

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.