2 weeks Ago By Defense World Staff
LPL Financial LLC boosted its stake in Meritage Homes Co. ( NYSE:MTH – Free Report ) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 10,265 shares of the construction company’s stock after purchasing an additional 3,687 shares during the period. LPL Financial LLC’s holdings in Meritage Homes were worth $1,579,000 at the end of the most recent quarter. A number of other hedge funds have also recently added to or reduced their stakes in the stock.
Victory Capital Management Inc. increased its stake in shares of Meritage Homes by 2,199.9% in the fourth quarter.
Victory Capital Management Inc. now owns 305,605 shares of the construction company’s stock valued at $47,008,000 after buying an additional 292,317 shares during the period. Hennessy Advisors Inc.
bought a new stake in Meritage Homes during the 4th quarter worth approximately $43,147,000. Lord Abbett & CO. LLC acquired a new position in Meritage Homes in the 3rd quarter valued at approximately $16,056,000.
Raymond James Financial Inc. bought a new position in shares of Meritage Homes during the fourth quarter valued at $6,531,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of Meritage Homes during the fourth quarter worth $6,421,000.
Institutional investors and hedge funds own 98.44% of the company’s stock. Wall Street Analyst Weigh In MTH has been the subject of a number of recent research reports.
The Goldman Sachs Group decreased their price objective on Meritage Homes from $117.50 to $100.00 and set a “buy” rating for the company in a report on Tuesday, January 14th.
StockNews.com downgraded Meritage Homes from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Wedbush reiterated a “neutral” rating and issued a $103.
00 target price on shares of Meritage Homes in a report on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their target price on shares of Meritage Homes from $97.00 to $90.
00 and set a “market perform” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group dropped their price target on shares of Meritage Homes from $126.00 to $118.
00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Meritage Homes presently has a consensus rating of “Hold” and an average price target of $106.
25. Insider Buying and Selling at Meritage Homes In other news, COO Clinton Szubinski sold 595 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $73.
29, for a total transaction of $43,607.55. Following the completion of the sale, the chief operating officer now directly owns 30,547 shares of the company’s stock, valued at $2,238,789.
63. The trade was a 1.91 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, Chairman Steven J. Hilton bought 11,000 shares of the stock in a transaction that occurred on Monday, February 10th.
The stock was acquired at an average price of $74.51 per share, for a total transaction of $819,610.00.
Following the acquisition, the chairman now directly owns 811,192 shares in the company, valued at $60,441,915.92. The trade was a 1.
37 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Over the last quarter, insiders sold 1,683 shares of company stock valued at $122,547.
Company insiders own 2.00% of the company’s stock. Meritage Homes Stock Performance Shares of MTH stock opened at $65.
13 on Friday. The firm has a 50 day moving average of $70.77 and a 200-day moving average of $82.
52. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 4.
98 and a beta of 1.69. 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 Co. has a 52 week low of $59.27 and a 52 week high of $106.
99. Meritage Homes ( NYSE:MTH – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.
72 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $0.17.
Meritage Homes had a net margin of 12.29% and a return on equity of 15.90%.
On average, equities analysts forecast that Meritage Homes Co. will post 9.44 earnings per share for the current year.
Meritage Homes Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.43 dividend.
The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.72 annualized dividend and a yield of 2.
64%. This is a positive change from Meritage Homes’s previous quarterly dividend of $0.38.
Meritage Homes’s dividend payout ratio is presently 13.16%. 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. Read More Five stocks we like better than Meritage Homes Canada Bond Market Holiday: How to Invest and Trade Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally What is a Stock Market Index and How Do You Use Them? Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.
S. Dollar Stock Average Calculator Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk Want to see what other hedge funds are holding MTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meritage Homes Co.
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