Swedbank AB Decreases Stock Position in Meritage Homes Corporation $MTH

Swedbank AB trimmed its stake in shares of Meritage Homes Corporation (NYSE:MTH) by 15.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 141,885 shares of the construction company’s stock after selling 26,200 shares during the period. Swedbank AB’s holdings in Meritage Homes were worth $10,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Voya Investment Management LLC raised its holdings in Meritage Homes by 82.2% during the first quarter. Voya Investment Management LLC now owns 21,782 shares of the construction company’s stock worth $1,544,000 after purchasing an additional 9,829 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Meritage Homes by 8.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,008 shares of the construction company’s stock valued at $4,472,000 after buying an additional 5,086 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Meritage Homes by 14.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,424 shares of the construction company’s stock worth $1,033,000 after acquiring an additional 1,898 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Meritage Homes in the second quarter valued at $9,989,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Meritage Homes by 348.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,702 shares of the construction company’s stock valued at $918,000 after acquiring an additional 10,646 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America dropped their price objective on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Wall Street Zen downgraded Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group set a $101.00 price objective on Meritage Homes and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Zacks Research cut shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $84.57.

Meritage Homes Stock Up 0.3%

MTH opened at $66.76 on Friday. Meritage Homes Corporation has a 52 week low of $59.27 and a 52 week high of $84.74. The business has a 50 day moving average price of $69.20 and a two-hundred day moving average price of $71.25. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.70 billion, a PE ratio of 6.78 and a beta of 1.44.

Meritage Homes (NYSE:MTH) last released its earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share (EPS) 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm 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, research analysts anticipate that Meritage Homes Corporation will post 9.44 EPS for the current year.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 17th. Meritage Homes’s payout ratio is currently 17.48%.

Meritage Homes Profile

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.