Signaturefd LLC Increases Position in Meritage Homes Co. (NYSE:MTH)

Signaturefd LLC grew its holdings in Meritage Homes Co. (NYSE:MTH) by 125.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 509 shares of the construction company’s stock after buying an additional 283 shares during the period. Signaturefd LLC’s holdings in Meritage Homes were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Earnest Partners LLC raised its holdings in shares of Meritage Homes by 2.5% in the second quarter. Earnest Partners LLC now owns 718,607 shares of the construction company’s stock valued at $116,307,000 after buying an additional 17,843 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Meritage Homes by 13.5% in the first quarter. Westfield Capital Management Co. LP now owns 490,660 shares of the construction company’s stock valued at $86,091,000 after buying an additional 58,350 shares during the last quarter. Millennium Management LLC raised its holdings in Meritage Homes by 0.8% during the second quarter. Millennium Management LLC now owns 315,931 shares of the construction company’s stock worth $51,133,000 after purchasing an additional 2,460 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Meritage Homes by 734.4% during the third quarter. Wedge Capital Management L L P NC now owns 272,122 shares of the construction company’s stock worth $55,804,000 after purchasing an additional 239,511 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Meritage Homes by 5.0% during the second quarter. LSV Asset Management now owns 227,300 shares of the construction company’s stock worth $36,789,000 after purchasing an additional 10,900 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Hilla Sferruzza sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total value of $512,500.00. Following the sale, the chief financial officer now directly owns 44,570 shares in the company, valued at $9,136,850. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wedbush raised shares of Meritage Homes from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $160.00 to $195.00 in a report on Tuesday, October 15th. Wolfe Research raised shares of Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price target for the company in a report on Wednesday, August 14th. Keefe, Bruyette & Woods upped their target price on shares of Meritage Homes from $195.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com lowered shares of Meritage Homes from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Raymond James upped their target price on shares of Meritage Homes from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $213.83.

Meritage Homes Stock Up 0.9 %

MTH stock opened at $184.48 on Tuesday. The company’s 50 day simple moving average is $196.91 and its 200-day simple moving average is $181.74. The firm has a market capitalization of $6.70 billion, a PE ratio of 8.60 and a beta of 1.80. Meritage Homes Co. has a 12 month low of $109.23 and a 12 month high of $213.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.93 and a quick ratio of 1.93.

Meritage Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.75 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.63%. Meritage Homes’s dividend payout ratio is presently 13.99%.

About Meritage Homes

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.