2 weeks Ago By ABMN Staff
Townsquare Capital LLC grew its position in Meritage Homes Co. ( NYSE:MTH – Free Report ) by 84.6% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 3,006 shares of the construction company’s stock after acquiring an additional 1,378 shares during the period. Townsquare Capital LLC’s holdings in Meritage Homes were worth $462,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently modified their holdings of MTH.
Pinnacle Holdings LLC acquired a new position in Meritage Homes in the 4th quarter valued at about $31,000. Allworth Financial LP lifted its position in shares of Meritage Homes by 545.5% during the fourth quarter.
Allworth Financial LP now owns 213 shares of the construction company’s stock worth $33,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Meritage Homes in the fourth quarter valued at approximately $92,000. Smartleaf Asset Management LLC increased its stake in Meritage Homes by 235.
1% during the 4th quarter. Smartleaf Asset Management LLC now owns 677 shares of the construction company’s stock worth $104,000 after buying an additional 475 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Meritage Homes by 38.
9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,122 shares of the construction company’s stock worth $173,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 98.
44% of the company’s stock. Insider Buying and Selling at Meritage Homes In related news, COO Clinton Szubinski sold 595 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $73.
29, for a total transaction of $43,607.55. Following the transaction, the chief operating officer now owns 30,547 shares of the company’s stock, valued at $2,238,789.
63. This trade represents a 1.91 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available through this link . Also, Chairman Steven J. Hilton acquired 11,000 shares of Meritage Homes stock in a transaction on Monday, February 10th.
The shares were bought at an average cost of $74.51 per share, with a total value of $819,610.00.
Following the completion of the purchase, the chairman now 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 three months, insiders have sold 1,683 shares of company stock worth $122,547.
2.00% of the stock is owned by company insiders. Meritage Homes Stock Up 3.
6 % Meritage Homes ( NYSE:MTH – Get Free Report ) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.
55 by $0.17. Meritage Homes had a return on equity of 15.
90% and a net margin of 12.29%. Equities research analysts expect that Meritage Homes Co.
will post 9.44 earnings per share for the current year. Meritage Homes Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Monday, March 17th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, March 17th.
This represents a $1.72 dividend on an annualized basis and a yield of 2.64%.
This is a boost from Meritage Homes’s previous quarterly dividend of $0.38. Meritage Homes’s dividend payout ratio is currently 13.
16%. Wall Street Analyst Weigh In Several equities analysts have commented on the stock. StockNews.
com downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Wedbush restated a “neutral” rating and set a $103.00 target price on shares of Meritage Homes in a research note on Tuesday, February 4th.
Keefe, Bruyette & Woods lowered their price target on shares of Meritage Homes from $97.00 to $90.00 and set a “market perform” rating for the company in a report on Thursday, February 6th.
The Goldman Sachs Group cut their price target on Meritage Homes from $117.50 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.
Finally, UBS Group lowered their price objective on Meritage Homes from $126.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th.
One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $106.25.
Read Our Latest Research Report on MTH Meritage Homes Company Profile ( 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.
See Also 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. ( NYSE:MTH – Free Report ).
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