13,375 Shares in Meritage Homes Corporation $MTH Bought by Paradiem LLC

Paradiem LLC bought a new position in shares of Meritage Homes Corporation (NYSE:MTH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,375 shares of the construction company’s stock, valued at approximately $969,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in Meritage Homes during the second quarter valued at about $33,000. Signaturefd LLC grew its position in Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after purchasing an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Meritage Homes by 194.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after purchasing an additional 462 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Meritage Homes by 201.4% in the third quarter. Farther Finance Advisors LLC now owns 1,736 shares of the construction company’s stock worth $126,000 after buying an additional 1,160 shares during the period. Finally, Vident Advisory LLC acquired a new stake in shares of Meritage Homes in the second quarter worth $202,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Stock Up 0.3%

MTH opened at $66.76 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of 6.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.95 and a current ratio of 1.95. The business has a 50 day moving average price of $69.20 and a 200 day moving average price of $71.25. Meritage Homes Corporation has a twelve month low of $59.27 and a twelve month high of $84.74.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $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. Research analysts forecast that Meritage Homes Corporation will post 9.44 EPS for the current year.

Meritage Homes Dividend Announcement

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

Analyst Ratings Changes

MTH has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a report on Monday, December 22nd. Zacks Research lowered shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Bank of America cut their price objective on Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 10th. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, JPMorgan Chase & Co. increased their price objective on Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Meritage Homes currently has a consensus rating of “Hold” and a consensus price target of $84.57.

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.