Intech Investment Management LLC Trims Stake in Meritage Homes Corporation $MTH

Intech Investment Management LLC lessened its stake in Meritage Homes Corporation (NYSE:MTH) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,688 shares of the construction company’s stock after selling 8,939 shares during the period. Intech Investment Management LLC owned about 0.08% of Meritage Homes worth $3,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTH. Arkadios Wealth Advisors lifted its stake in shares of Meritage Homes by 3.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 5,566 shares of the construction company’s stock valued at $373,000 after purchasing an additional 186 shares during the period. QRG Capital Management Inc. increased its holdings in Meritage Homes by 2.5% in the second quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock valued at $580,000 after buying an additional 208 shares in the last quarter. Signaturefd LLC raised its position in shares of Meritage Homes by 54.9% in the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after acquiring an additional 219 shares during the period. Yousif Capital Management LLC raised its position in shares of Meritage Homes by 1.2% in the second quarter. Yousif Capital Management LLC now owns 28,846 shares of the construction company’s stock worth $1,932,000 after acquiring an additional 348 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Meritage Homes by 2.6% during the 2nd quarter. US Bancorp DE now owns 14,228 shares of the construction company’s stock worth $953,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Stock Performance

Shares of NYSE:MTH opened at $65.67 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16. Meritage Homes Corporation has a 1 year low of $59.27 and a 1 year high of $98.74. The firm has a market capitalization of $4.62 billion, a PE ratio of 6.67 and a beta of 1.36. The business’s 50 day moving average price is $70.74 and its 200-day moving average price is $70.53.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $5.34 EPS. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, equities research analysts expect that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Announces Dividend

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

Analyst Ratings Changes

MTH has been the subject of a number of analyst reports. UBS Group set a $101.00 price target on Meritage Homes and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Meritage Homes in a research report on Thursday, November 13th. Keefe, Bruyette & Woods reduced their target price on Meritage Homes from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Zelman & Associates raised shares of Meritage Homes to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Wedbush cut their price target on shares of Meritage Homes from $103.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.71.

Insider Transactions at Meritage Homes

In other Meritage Homes news, CEO Phillippe Lord sold 6,950 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.01, for a total value of $556,069.50. Following the completion of the sale, the chief executive officer owned 221,320 shares in the company, valued at approximately $17,707,813.20. This represents a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.