Nekton Capital Ltd. Makes New $813,000 Investment in Meritage Homes Corporation $MTH

Nekton Capital Ltd. bought a new stake in Meritage Homes Corporation (NYSE:MTH) in the 2nd quarter, HoldingsChannel reports. The fund bought 12,146 shares of the construction company’s stock, valued at approximately $813,000. Meritage Homes comprises approximately 1.6% of Nekton Capital Ltd.’s portfolio, making the stock its 13th biggest position.

Several other hedge funds have also recently modified their holdings of the stock. Arkadios Wealth Advisors increased its stake in Meritage Homes by 3.5% during 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 in the last quarter. QRG Capital Management Inc. boosted its position in Meritage Homes by 2.5% during the second quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock worth $580,000 after purchasing an additional 208 shares in the last quarter. Signaturefd LLC grew 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 acquiring an additional 219 shares during the period. M&T Bank Corp increased its stake in shares of Meritage Homes by 5.6% during the second quarter. M&T Bank Corp now owns 4,806 shares of the construction company’s stock worth $322,000 after purchasing an additional 256 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in Meritage Homes by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 28,846 shares of the construction company’s stock worth $1,932,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Price Performance

Shares of NYSE MTH opened at $70.65 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.97 billion, a P/E ratio of 7.18 and a beta of 1.44. Meritage Homes Corporation has a twelve month low of $59.27 and a twelve month high of $93.25. The stock has a 50 day moving average of $69.68 and a two-hundred day moving average of $70.90.

Meritage Homes (NYSE:MTH) last announced its 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 business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.Meritage Homes’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the company posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, research analysts forecast that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 17th. Meritage Homes’s payout ratio is currently 17.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTH. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Bank of America lowered their price objective on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Evercore ISI set a $77.00 price target on Meritage Homes and gave the stock an “in-line” rating in a report on Thursday. Finally, UBS Group set a $101.00 price objective on shares of Meritage Homes and gave the company a “buy” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meritage Homes presently has an average rating of “Hold” and an average target price of $84.57.

Meritage Homes Company Profile

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.