Meritage Homes Corporation $MTH Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in Meritage Homes Corporation (NYSE:MTH) by 984.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,915 shares of the construction company’s stock after purchasing an additional 72,548 shares during the period. WINTON GROUP Ltd’s holdings in Meritage Homes were worth $5,788,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MTH. Atlantic Union Bankshares Corp acquired a new position in shares of Meritage Homes during the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 462 shares during the period. Bessemer Group Inc. lifted its position in Meritage Homes by 366.8% in the third quarter. Bessemer Group Inc. now owns 1,489 shares of the construction company’s stock valued at $108,000 after buying an additional 1,170 shares during the last quarter. Archer Investment Corp grew its stake in shares of Meritage Homes by 11.4% in the third quarter. Archer Investment Corp now owns 1,559 shares of the construction company’s stock valued at $113,000 after buying an additional 159 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Meritage Homes by 201.4% during the third quarter. Farther Finance Advisors LLC now owns 1,736 shares of the construction company’s stock worth $126,000 after purchasing an additional 1,160 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Phillippe Lord sold 32,820 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $76.49, for a total transaction of $2,510,401.80. Following the completion of the transaction, the chief executive officer owned 260,389 shares of the company’s stock, valued at approximately $19,917,154.61. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Javier Feliciano sold 3,580 shares of Meritage Homes stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $76.24, for a total transaction of $272,939.20. Following the sale, the executive vice president owned 44,935 shares in the company, valued at $3,425,844.40. This represents a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 47,622 shares of company stock worth $3,640,273. 2.20% of the stock is currently owned by insiders.

Meritage Homes Stock Up 0.6%

MTH opened at $68.11 on Tuesday. The stock has a market cap of $4.55 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.19 and a beta of 1.46. The stock’s 50 day moving average price is $73.45 and its 200 day moving average price is $72.29. Meritage Homes Corporation has a 12 month low of $59.27 and a 12 month high of $84.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.10 and a quick ratio of 2.10.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.12. Meritage Homes had a net margin of 7.73% and a return on equity of 9.28%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $4.72 EPS. The business’s revenue was down 11.9% compared to the same quarter last year. As a group, research analysts predict that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Meritage Homes’s previous quarterly dividend of $0.43. Meritage Homes’s dividend payout ratio (DPR) is presently 27.22%.

Wall Street Analyst Weigh In

Several research firms recently commented on MTH. Wall Street Zen raised Meritage Homes from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup started coverage on shares of Meritage Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. The Goldman Sachs Group restated a “buy” rating and issued a $90.00 price target on shares of Meritage Homes in a report on Tuesday, January 13th. Evercore set a $77.00 price target on Meritage Homes and gave the stock an “in-line” rating in a report on Thursday, December 4th. Finally, Citizens Jmp assumed coverage on shares of Meritage Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $90.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

About Meritage Homes

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.