Meritage Homes Co. (NYSE:MTH) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its holdings in Meritage Homes Co. (NYSE:MTH) by 1,033.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 272 shares of the construction company’s stock after buying an additional 248 shares during the period. Headlands Technologies LLC’s holdings in Meritage Homes were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTH. Parallel Advisors LLC raised its holdings in Meritage Homes by 157.6% in the 4th quarter. Parallel Advisors LLC now owns 237 shares of the construction company’s stock valued at $41,000 after acquiring an additional 145 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Meritage Homes in the fourth quarter valued at approximately $47,000. Picton Mahoney Asset Management purchased a new position in Meritage Homes during the second quarter worth approximately $64,000. GAMMA Investing LLC grew its holdings in Meritage Homes by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $119,000 after buying an additional 97 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Meritage Homes by 149.6% in the 1st quarter. EntryPoint Capital LLC now owns 694 shares of the construction company’s stock worth $122,000 after acquiring an additional 416 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wolfe Research raised shares of Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price target on the stock in a research report on Wednesday, August 14th. Keefe, Bruyette & Woods increased their price target on shares of Meritage Homes from $195.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, July 30th. Wedbush lifted their price target on shares of Meritage Homes from $148.00 to $160.00 and gave the company an “underperform” rating in a research report on Friday, July 26th. StockNews.com lowered Meritage Homes from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Raymond James upped their price target on Meritage Homes from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.00.

Insider Buying and Selling

In other news, CFO Hilla Sferruzza sold 2,500 shares of Meritage Homes stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $205.00, for a total value of $512,500.00. Following the completion of the transaction, the chief financial officer now owns 44,570 shares in the company, valued at approximately $9,136,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Hilla Sferruzza sold 2,500 shares of Meritage Homes stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total transaction of $512,500.00. Following the completion of the sale, the chief financial officer now directly owns 44,570 shares of the company’s stock, valued at approximately $9,136,850. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Javier Feliciano sold 3,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $198.36, for a total value of $595,080.00. Following the completion of the sale, the executive vice president now owns 14,307 shares in the company, valued at $2,837,936.52. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $3,111,080 in the last three months. 2.00% of the stock is owned by corporate insiders.

Meritage Homes Price Performance

MTH stock opened at $204.35 on Wednesday. The business’s fifty day moving average price is $189.29 and its 200 day moving average price is $174.20. Meritage Homes Co. has a 12-month low of $109.23 and a 12-month high of $210.58. The company has a market capitalization of $7.42 billion, a PE ratio of 9.53 and a beta of 1.81. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.27.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.31 EPS for the quarter, beating the consensus estimate of $5.17 by $1.14. Meritage Homes had a net margin of 12.98% and a return on equity of 17.99%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $5.02 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Meritage Homes Co. will post 21.09 EPS for the current year.

Meritage Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.47%. Meritage Homes’s dividend payout ratio (DPR) is presently 13.99%.

Meritage Homes Profile

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.