Burney Co. Cuts Holdings in Meritage Homes Corporation $MTH

Burney Co. trimmed its holdings in shares of Meritage Homes Corporation (NYSE:MTH) by 39.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,800 shares of the construction company’s stock after selling 5,661 shares during the period. Burney Co.’s holdings in Meritage Homes were worth $589,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. raised 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 worth $41,000 after buying an additional 363 shares in the last quarter. Signaturefd LLC increased its stake in Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. increased its stake in Meritage Homes by 100.0% in the 1st quarter. Whittier Trust Co. now owns 660 shares of the construction company’s stock valued at $47,000 after purchasing an additional 330 shares in the last quarter. SVB Wealth LLC purchased a new position in Meritage Homes in the 1st quarter valued at approximately $48,000. Finally, Brooklyn Investment Group increased its stake in Meritage Homes by 5,941.7% in the 1st quarter. Brooklyn Investment Group now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 713 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zelman & Associates raised Meritage Homes to a “strong-buy” rating in a research note on Thursday, July 24th. Wedbush dropped their price objective on Meritage Homes from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Bank of America dropped their price objective on Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 10th. JPMorgan Chase & Co. raised 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. Finally, Evercore ISI dropped their price objective on Meritage Homes from $82.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Meritage Homes has a consensus rating of “Hold” and a consensus target price of $84.71.

Meritage Homes Stock Performance

Meritage Homes stock opened at $66.41 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.16 and a current ratio of 1.95. The stock has a fifty day moving average of $72.98 and a two-hundred day moving average of $70.57. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 6.75 and a beta of 1.35. Meritage Homes Corporation has a fifty-two week low of $59.27 and a fifty-two week 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 the consensus estimate of $1.71 by ($0.32). The company had revenue of $1.42 billion for 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 business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, analysts anticipate that Meritage Homes Corporation will post 9.44 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

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

Insiders Place Their Bets

In other Meritage Homes news, CEO Phillippe Lord sold 6,950 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.01, for a total transaction of $556,069.50. Following the completion of the transaction, the chief executive officer owned 221,320 shares of the company’s stock, valued at approximately $17,707,813.20. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

About Meritage Homes

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.