Meritage Homes Co. (NYSE:MTH) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in Meritage Homes Co. (NYSE:MTHFree Report) by 70.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 831 shares of the construction company’s stock after selling 2,006 shares during the quarter. KBC Group NV’s holdings in Meritage Homes were worth $145,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MTH. Swiss National Bank grew its position in Meritage Homes by 1.0% in the third quarter. Swiss National Bank now owns 80,900 shares of the construction company’s stock worth $9,901,000 after buying an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Meritage Homes by 36.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 449,233 shares of the construction company’s stock valued at $54,982,000 after buying an additional 118,818 shares during the period. Van ECK Associates Corp lifted its stake in shares of Meritage Homes by 42.8% in the 3rd quarter. Van ECK Associates Corp now owns 8,012 shares of the construction company’s stock valued at $981,000 after purchasing an additional 2,401 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Meritage Homes by 7.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,546 shares of the construction company’s stock valued at $924,000 after purchasing an additional 509 shares during the last quarter. Finally, Pathstone Family Office LLC lifted its stake in shares of Meritage Homes by 45.7% in the 3rd quarter. Pathstone Family Office LLC now owns 2,374 shares of the construction company’s stock valued at $291,000 after purchasing an additional 745 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTH. Zelman & Associates raised shares of Meritage Homes from a “neutral” rating to an “outperform” rating in a research report on Monday, February 26th. StockNews.com raised shares of Meritage Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods boosted their target price on shares of Meritage Homes from $180.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Finally, Wedbush reissued an “underperform” rating and set a $148.00 target price on shares of Meritage Homes in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Meritage Homes currently has a consensus rating of “Hold” and a consensus price target of $178.25.

Get Our Latest Report on MTH

Insider Activity at Meritage Homes

In related news, CEO Phillippe Lord sold 2,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $162.79, for a total value of $406,975.00. Following the sale, the chief executive officer now owns 100,266 shares of the company’s stock, valued at $16,322,302.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Meritage Homes Stock Performance

NYSE:MTH opened at $168.62 on Tuesday. The firm’s 50-day moving average is $169.45 and its 200-day moving average is $164.27. Meritage Homes Co. has a 52-week low of $109.23 and a 52-week high of $189.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 7.86 and a beta of 1.78.

Meritage Homes (NYSE:MTHGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $1.52. Meritage Homes had a net margin of 12.54% and a return on equity of 17.63%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts anticipate that Meritage Homes Co. will post 20.27 earnings per share for the current year.

Meritage Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.78%. Meritage Homes’s payout ratio is currently 13.99%.

Meritage Homes Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meritage Homes (NYSE:MTH)

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