Meritage Homes Corporation $MTH Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Meritage Homes Corporation (NYSE:MTH) by 109.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,045 shares of the construction company’s stock after acquiring an additional 5,248 shares during the period. Savant Capital LLC’s holdings in Meritage Homes were worth $673,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new position in Meritage Homes during the second quarter worth approximately $33,000. Assetmark Inc. grew its stake in shares of 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 buying an additional 363 shares during the period. Signaturefd LLC grew its stake in shares of 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 buying an additional 219 shares during the period. Whittier Trust Co. increased its holdings in shares of Meritage Homes by 100.0% during the 1st quarter. Whittier Trust Co. now owns 660 shares of the construction company’s stock worth $47,000 after buying an additional 330 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Meritage Homes in the 1st quarter worth $48,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Meritage Homes Stock Performance

Shares of NYSE:MTH opened at $66.62 on Friday. The business’s 50-day simple moving average is $71.36 and its 200 day simple moving average is $70.53. The company has a market cap of $4.69 billion, a P/E ratio of 6.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.16 and a current ratio of 1.95. Meritage Homes Corporation has a one year low of $59.27 and a one year high of $98.74.

Meritage Homes (NYSE:MTH) last released 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). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, sell-side analysts forecast that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Meritage Homes’s dividend payout ratio (DPR) is presently 17.48%.

Wall Street Analyst Weigh In

MTH has been the subject of a number of research reports. Wall Street Zen downgraded Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. lifted their price objective on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Evercore ISI decreased their target price on Meritage Homes from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Keefe, Bruyette & Woods dropped their target price on shares of Meritage Homes from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. Finally, 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. One investment 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 stock. Based on data from MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and a consensus target price of $84.71.

Insider Transactions at Meritage Homes

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

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.