Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Position in Meritage Homes Corporation $MTH

by · The Cerbat Gem

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in Meritage Homes Corporation (NYSE:MTH – Free Report) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,133 shares of the construction company’s stock after selling 4,934 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.06% of Meritage Homes worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MTH. Atlantic Union Bankshares Corp purchased a new position in Meritage Homes in the second quarter worth about $33,000. Assetmark Inc. lifted its stake in shares of Meritage Homes by 166.5% in the 1st quarter. Assetmark Inc. now owns 581 shares of the construction company’s stock valued at $41,000 after purchasing an additional 363 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after purchasing an additional 219 shares during the period. SVB Wealth LLC bought a new position in shares of Meritage Homes during the 1st quarter valued at approximately $48,000. Finally, Brooklyn Investment Group increased its position in shares of Meritage Homes by 5,941.7% during the 1st quarter. Brooklyn Investment Group now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 713 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Stock Down 1.1%

Shares of NYSE MTH opened at $73.08 on Monday. Meritage Homes Corporation has a 52-week low of $59.27 and a 52-week high of $97.46. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 7.43 and a beta of 1.35. The stock has a 50 day moving average price of $69.66 and a 200 day moving average price of $70.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.16 and a current ratio of 1.95.

Meritage Homes (NYSE:MTH – Get Free Report) last issued its earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $5.34 earnings per share. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. Sell-side analysts expect that Meritage Homes Corporation will post 9.44 earnings per share for the current year.

Meritage Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid 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 2.4%. Meritage Homes’s dividend payout ratio is 17.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Bank of America dropped their price target on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 10th. UBS Group set a $101.00 price target on shares of Meritage Homes and gave the company a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Evercore ISI decreased their price objective on shares of Meritage Homes from $82.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.71.

Read Our Latest Analysis on MTH

Meritage Homes Company 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.

See Also

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