2 weeks Ago By Defense World Staff
Cerity Partners LLC trimmed its holdings in shares of Meritage Homes Co. ( NYSE:MTH – Free Report ) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 1,691 shares of the construction company’s stock after selling 1,675 shares during the quarter. Cerity Partners LLC’s holdings in Meritage Homes were worth $260,000 at the end of the most recent quarter. Several other institutional investors have also added to or reduced their stakes in the business.
Vanguard Group Inc. boosted its position in shares of Meritage Homes by 0.7% in the fourth quarter.
Vanguard Group Inc. now owns 4,074,741 shares of the construction company’s stock worth $626,777,000 after purchasing an additional 26,889 shares during the period. Norges Bank bought a new stake in shares of Meritage Homes during the fourth quarter worth $101,695,000.
Groupama Asset Managment bought a new position in Meritage Homes in the 4th quarter worth about $76,910,000. Bank of New York Mellon Corp increased its holdings in Meritage Homes by 0.8% during the 4th quarter.
Bank of New York Mellon Corp now owns 405,854 shares of the construction company’s stock worth $62,429,000 after purchasing an additional 3,219 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Meritage Homes by 33.
1% in the fourth quarter. JPMorgan Chase & Co. now owns 314,323 shares of the construction company’s stock worth $48,349,000 after acquiring an additional 78,087 shares during the period.
98.44% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In A number of equities analysts recently commented on MTH shares.
Seaport Res Ptn raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wedbush restated a “neutral” rating and set a $103.00 price objective on shares of Meritage Homes in a report on Tuesday, February 4th.
The Goldman Sachs Group lowered their price objective on shares of Meritage Homes from $117.50 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th.
UBS Group cut their price target on shares of Meritage Homes from $126.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th.
Finally, Keefe, Bruyette & Woods lowered their target price on Meritage Homes from $97.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, February 6th.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.
25. Meritage Homes Stock Up 1.0 % MTH stock opened at $68.
91 on Friday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 5.
27 and a beta of 1.69. The firm has a 50-day simple moving average of $70.
08 and a 200-day simple moving average of $81.37. Meritage Homes Co.
has a 52 week low of $59.27 and a 52 week high of $106.99.
The company has a quick ratio of 1.75, a current ratio of 1.61 and a debt-to-equity ratio of 0.
26. Meritage Homes ( NYSE:MTH – Get Free Report ) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.
69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.02).
Meritage Homes had a net margin of 12.29% and a return on equity of 15.90%.
The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion.
Equities analysts forecast that Meritage Homes Co. will post 9.44 earnings per share for the current fiscal year.
Meritage Homes Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.43 dividend.
The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Meritage Homes’s previous quarterly dividend of $0.38.
This represents a $1.72 dividend on an annualized basis and a yield of 2.50%.
Meritage Homes’s dividend payout ratio is currently 13.16%. Insider Transactions at Meritage Homes In other news, CAO Alison Sasser sold 676 shares of the stock in a transaction dated Wednesday, February 19th.
The shares were sold at an average price of $72.03, for a total transaction of $48,692.28.
Following the sale, the chief accounting officer now owns 5,933 shares of the company’s stock, valued at approximately $427,353.99. This represents a 10.
23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Chairman Steven J.
Hilton acquired 11,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $74.51 per share, for a total transaction of $819,610.
00. Following the transaction, the chairman now directly owns 811,192 shares of the company’s stock, valued at approximately $60,441,915.92.
This trade represents a 1.37 % increase in their position. The disclosure for this purchase can be found here .
In the last ninety days, insiders sold 1,683 shares of company stock worth $122,547. 2.20% of the stock is currently owned by company insiders.
About Meritage Homes ( Free Report ) 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.
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