Maryland State Retirement & Pension System Trims Stake in Meritage Homes Corporation $MTH

Maryland State Retirement & Pension System cut its position in Meritage Homes Corporation (NYSE:MTH) by 51.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,230 shares of the construction company’s stock after selling 10,815 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Meritage Homes were worth $741,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Meritage Homes by 134.3% in the first quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock valued at $2,740,000 after buying an additional 22,162 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Meritage Homes by 51.7% in the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock valued at $917,000 after acquiring an additional 4,407 shares during the period. Goldman Sachs Group Inc. raised its position in Meritage Homes by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares during the last quarter. Empowered Funds LLC boosted its stake in Meritage Homes by 111.0% during the 1st quarter. Empowered Funds LLC now owns 32,971 shares of the construction company’s stock worth $2,337,000 after purchasing an additional 17,343 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Meritage Homes by 102.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company’s stock worth $22,621,000 after purchasing an additional 161,806 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Meritage Homes Price Performance

Shares of NYSE:MTH opened at $76.14 on Thursday. Meritage Homes Corporation has a 52 week low of $59.27 and a 52 week high of $84.74. The company has a 50-day moving average price of $70.30 and a 200 day moving average price of $71.89. The company has a market cap of $5.36 billion, a P/E ratio of 7.74 and a beta of 1.48. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Meritage Homes (NYSE:MTH) last issued 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). The business 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 last year, the company posted $5.34 earnings per share. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. Research analysts predict that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, December 17th. Meritage Homes’s payout ratio is presently 17.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MTH shares. Bank of America reaffirmed a “neutral” rating and issued a $82.00 target price (up from $75.00) on shares of Meritage Homes in a report on Friday, January 16th. Citigroup started coverage on Meritage Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Meritage Homes in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating and issued a $104.00 target price (up from $101.00) on shares of Meritage Homes in a research note on Tuesday, January 6th. Finally, Citizens Jmp assumed coverage on Meritage Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $90.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.63.

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.