Assenagon Asset Administration S.A. decreased its place in Meritage Houses Co. (NYSE:MTH – Get Ranking) by 27.4% within the fourth quarter, in keeping with its most up-to-date Kind 13F submitting with the SEC. The institutional investor owned 22,936 shares of the development firm’s inventory after promoting 8,674 shares through the interval. Assenagon Asset Administration S.A. owned about 0.06% of Meritage Houses price $2,115,000 on the finish of the newest quarter.
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A lot of different institutional traders and hedge funds additionally lately added to or diminished their stakes in MTH. Raymond James Monetary Providers Advisors Inc. elevated its holdings in Meritage Houses by 137.5% within the first quarter. Raymond James Monetary Providers Advisors Inc. now owns 12,550 shares of the development firm’s inventory valued at $994,000 after shopping for an extra 7,266 shares within the final quarter. Cambridge Funding Analysis Advisors Inc. elevated its holdings in Meritage Houses by 43.7% within the first quarter. Cambridge Funding Analysis Advisors Inc. now owns 3,740 shares of the development firm’s inventory valued at $296,000 after shopping for an extra 1,138 shares within the final quarter. AlphaCrest Capital Administration LLC bought a brand new place in Meritage Houses within the first quarter valued at $464,000. Financial institution of Montreal Can elevated its holdings in Meritage Houses by 7.0% within the first quarter. Financial institution of Montreal Can now owns 14,632 shares of the development firm’s inventory valued at $1,227,000 after shopping for an extra 962 shares within the final quarter. Lastly, MetLife Funding Administration LLC elevated its holdings in Meritage Houses by 49.3% within the first quarter. MetLife Funding Administration LLC now owns 19,463 shares of the development firm’s inventory valued at $1,542,000 after shopping for an extra 6,431 shares within the final quarter. Hedge funds and different institutional traders personal 95.63% of the corporate’s inventory.
Meritage Houses Inventory Efficiency
MTH opened at $114.86 on Wednesday. The agency has a market capitalization of $4.20 billion, a PE ratio of 4.29 and a beta of 1.56. Meritage Houses Co. has a twelve month low of $62.51 and a twelve month excessive of $117.22. The agency’s 50-day shifting common worth is $108.83 and its 200 day shifting common worth is $91.55. The corporate has a present ratio of 1.72, a fast ratio of 1.72 and a debt-to-equity ratio of 0.29.
Meritage Houses (NYSE:MTH – Get Ranking) final posted its quarterly earnings outcomes on Wednesday, February 1st. The development firm reported $7.09 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.06. The agency had income of $1.99 billion for the quarter, in comparison with analyst estimates of $1.98 billion. Meritage Houses had a web margin of 15.79% and a return on fairness of 27.92%. Meritage Houses’s quarterly income was up 32.9% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise posted $6.25 earnings per share. As a gaggle, sell-side analysts count on that Meritage Houses Co. will put up 12.97 EPS for the present fiscal yr.
Meritage Houses Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which might be paid on Friday, March thirty first. Stockholders of file on Wednesday, March fifteenth might be paid a $0.27 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.94%. Meritage Houses’s dividend payout ratio (DPR) is 4.04%.
Analyst Scores Modifications
A lot of analysts have lately commented on the inventory. KeyCorp boosted their goal worth on shares of Meritage Houses from $104.00 to $127.00 and gave the inventory an “obese” score in a analysis word on Monday, February sixth. JPMorgan Chase & Co. raised shares of Meritage Houses from a “impartial” score to an “obese” score and set a $129.00 goal worth for the corporate in a analysis word on Monday, March sixth. TheStreet raised shares of Meritage Houses from a “c+” score to a “b-” score in a analysis word on Thursday, December eighth. Credit score Suisse Group boosted their goal worth on shares of Meritage Houses from $106.00 to $130.00 and gave the inventory an “outperform” score in a analysis word on Friday, February third. Lastly, The Goldman Sachs Group boosted their goal worth on shares of Meritage Houses from $87.00 to $103.00 and gave the inventory a “impartial” score in a analysis word on Thursday, January twelfth. One analysis analyst has rated the inventory with a promote score, two have issued a maintain score and 6 have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat, Meritage Houses presently has a consensus score of “Average Purchase” and a median worth goal of $110.86.
Insider Transactions at Meritage Houses
In associated information, CAO Alison Sasser offered 345 shares of the corporate’s inventory in a transaction that occurred on Tuesday, February 14th. The inventory was offered at a median worth of $114.16, for a complete worth of $39,385.20. Following the transaction, the chief accounting officer now instantly owns 880 shares within the firm, valued at $100,460.80. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is obtainable at this hyperlink. In different Meritage Houses information, Director Raymond Oppel offered 5,000 shares of the agency’s inventory in a transaction on Friday, March third. The inventory was offered at a median worth of $110.22, for a complete transaction of $551,100.00. Following the completion of the sale, the director now owns 10,000 shares of the corporate’s inventory, valued at $1,102,200. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable via this hyperlink. Additionally, CAO Alison Sasser offered 345 shares of the agency’s inventory in a transaction on Tuesday, February 14th. The inventory was offered at a median worth of $114.16, for a complete worth of $39,385.20. Following the sale, the chief accounting officer now instantly owns 880 shares of the corporate’s inventory, valued at roughly $100,460.80. The disclosure for this sale will be discovered right here. Insiders offered 11,683 shares of firm inventory price $1,290,994 within the final 90 days. Insiders personal 1.80% of the corporate’s inventory.
About Meritage Houses
(Get Ranking)
Meritage Houses Corp. engages within the design and development of single household hooked up and indifferent properties. It operates via the Homebuilding and Monetary Providers segments. The Homebuilding section acquires and develops lands, constructs properties, markets and sells these properties, and supplies guarantee and buyer providers.
Additional Studying
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