55,450 Shares in Meritage Homes Corporation $MTH Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Meritage Homes Corporation (NYSE:MTH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 55,450 shares of the construction company’s stock, valued at approximately $3,713,000. Y Intercept Hong Kong Ltd owned 0.08% of Meritage Homes at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in shares of Meritage Homes by 5.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,439 shares of the construction company’s stock worth $244,000 after acquiring an additional 189 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Meritage Homes by 136.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,901 shares of the construction company’s stock worth $277,000 after acquiring an additional 2,248 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Meritage Homes by 100.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 30,325 shares of the construction company’s stock worth $2,149,000 after acquiring an additional 15,218 shares during the period. Reyes Financial Architecture Inc. grew its holdings in shares of Meritage Homes by 182.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,255 shares of the construction company’s stock worth $89,000 after acquiring an additional 810 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Meritage Homes by 151.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,202 shares of the construction company’s stock worth $440,000 after acquiring an additional 3,731 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Buying and Selling at Meritage Homes

In other Meritage Homes news, CEO Phillippe Lord sold 6,950 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.01, for a total transaction of $556,069.50. Following the transaction, the chief executive officer owned 221,320 shares of the company’s stock, valued at $17,707,813.20. This represents a 3.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on Meritage Homes from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Wedbush lowered their target price on Meritage Homes from $103.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Evercore ISI cut Meritage Homes from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $100.00 to $82.00 in a report on Tuesday, October 7th. Zelman & Associates upgraded Meritage Homes to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Bank of America lowered their target price on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Meritage Homes presently has an average rating of “Hold” and a consensus target price of $84.86.

Meritage Homes Trading Down 5.6%

Shares of Meritage Homes stock opened at $67.08 on Thursday. Meritage Homes Corporation has a fifty-two week low of $59.27 and a fifty-two week high of $98.74. The firm has a market cap of $4.77 billion, a PE ratio of 6.82 and a beta of 1.42. The business’s fifty day moving average is $74.10 and its two-hundred day moving average is $70.50. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.35.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.41% and a net margin of 8.96%.The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $5.34 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. Analysts anticipate that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.43 per share. 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 Tuesday, September 16th. Meritage Homes’s dividend payout ratio is currently 15.47%.

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.