Swedbank AB Sells 49,400 Shares of Meritage Homes Corporation $MTH

Swedbank AB decreased its holdings in Meritage Homes Corporation (NYSE:MTH) by 34.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,485 shares of the construction company’s stock after selling 49,400 shares during the period. Swedbank AB’s holdings in Meritage Homes were worth $6,086,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MTH. Capital World Investors grew its stake in shares of Meritage Homes by 44.3% in the third quarter. Capital World Investors now owns 1,987,850 shares of the construction company’s stock worth $143,980,000 after purchasing an additional 609,866 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Meritage Homes by 58.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after acquiring an additional 527,265 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Meritage Homes by 58.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after acquiring an additional 391,297 shares during the last quarter. Lodge Hill Capital LLC bought a new stake in Meritage Homes during the third quarter valued at $21,729,000. Finally, Sophron Capital Management L.P. bought a new stake in Meritage Homes during the second quarter valued at $17,613,000. Institutional investors own 98.44% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Hilla Sferruzza sold 10,928 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $76.35, for a total transaction of $834,352.80. Following the completion of the transaction, the chief financial officer directly owned 124,961 shares of the company’s stock, valued at $9,540,772.35. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phillippe Lord sold 32,820 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $76.49, for a total transaction of $2,510,401.80. Following the transaction, the chief executive officer directly owned 260,389 shares of the company’s stock, valued at $19,917,154.61. This represents a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 47,622 shares of company stock valued at $3,640,273. Corporate insiders own 2.50% of the company’s stock.

Key Meritage Homes News

Here are the key news stories impacting Meritage Homes this week:

• Negative Sentiment: Zacks Research lowered Meritage Homes’ near-term and medium-term EPS estimates, including FY2026 to $5.17 from $6.10, FY2027 to $6.17 from $7.04, and FY2028 to $7.38 from $8.17, suggesting reduced earnings momentum ahead. Meritage Homes estimate cuts
• Negative Sentiment: The firm also cut quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing concerns that earnings could come in below earlier expectations. Quarterly estimate cuts
• Neutral Sentiment: Despite the revisions, Zacks Research maintained a Hold rating, indicating a cautious stance rather than a strongly bearish call. Hold rating maintained

Wall Street Analyst Weigh In

MTH has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $90.00 price target on shares of Meritage Homes in a research report on Tuesday, January 13th. Truist Financial set a $80.00 price target on shares of Meritage Homes and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings raised shares of Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Bank of America cut their price target on shares of Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.89.

Meritage Homes Trading Up 1.1%

Shares of MTH stock opened at $65.16 on Friday. Meritage Homes Corporation has a 52-week low of $58.03 and a 52-week high of $84.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.96 and a current ratio of 1.96. The company has a 50-day simple moving average of $65.81 and a two-hundred day simple moving average of $69.32. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.88 and a beta of 1.43.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). Meritage Homes had a return on equity of 8.08% and a net margin of 6.86%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. Research analysts anticipate that Meritage Homes Corporation will post 5.01 EPS for the current fiscal year.

Meritage Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Meritage Homes’s previous quarterly dividend of $0.43. Meritage Homes’s payout ratio is currently 35.23%.

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.