Meritage Homes Corporation $MTH Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its holdings in Meritage Homes Corporation (NYSE:MTH) by 44.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,114 shares of the construction company’s stock after selling 25,192 shares during the period. Squarepoint Ops LLC’s holdings in Meritage Homes were worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MTH. LPL Financial LLC raised its stake in Meritage Homes by 117.2% during the 1st quarter. LPL Financial LLC now owns 22,293 shares of the construction company’s stock worth $1,580,000 after acquiring an additional 12,028 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Meritage Homes during the first quarter worth about $217,000. Invesco Ltd. increased its position in shares of Meritage Homes by 99.9% during the first quarter. Invesco Ltd. now owns 336,158 shares of the construction company’s stock worth $23,827,000 after purchasing an additional 168,013 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Meritage Homes in the 1st quarter valued at about $15,369,000. Finally, HighTower Advisors LLC grew its stake in Meritage Homes by 100.6% during the 1st quarter. HighTower Advisors LLC now owns 6,452 shares of the construction company’s stock worth $457,000 after buying an additional 3,236 shares during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MTH shares. Zacks Research downgraded shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Evercore ISI set a $77.00 target price on Meritage Homes and gave the company an “in-line” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. increased their price target on Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, UBS Group set a $101.00 price objective on shares of Meritage Homes and gave the company a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.57.

Meritage Homes Trading Up 0.1%

Shares of MTH stock opened at $68.33 on Friday. The business’s fifty day moving average price is $69.50 and its 200 day moving average price is $71.16. Meritage Homes Corporation has a 1-year low of $59.27 and a 1-year high of $84.74. The firm has a market capitalization of $4.81 billion, a PE ratio of 6.94 and a beta of 1.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95.

Meritage Homes (NYSE:MTH) last released its earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. Meritage Homes’s revenue was down 11.8% compared to the same quarter last year. During the same period last year, the business posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, sell-side analysts forecast that Meritage Homes Corporation will post 9.44 EPS for the current fiscal year.

Meritage Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.72 dividend on an annualized basis and a yield of 2.5%. Meritage Homes’s dividend payout ratio (DPR) is 17.48%.

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.