Whittier Belief Co. lowered its stake in shares of Meritage Houses Co. (NYSE:MTH – Get Score) by 68.9% in the course of the 4th quarter, in keeping with the corporate in its most up-to-date 13F submitting with the SEC. The institutional investor owned 989 shares of the development firm’s inventory after promoting 2,190 shares in the course of the quarter. Whittier Belief Co.’s holdings in Meritage Houses had been value $91,000 on the finish of the newest quarter.
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Various different hedge funds additionally just lately made adjustments to their positions in MTH. Raymond James Monetary Companies Advisors Inc. elevated its stake in Meritage Houses by 137.5% within the first quarter. Raymond James Monetary Companies Advisors Inc. now owns 12,550 shares of the development firm’s inventory valued at $994,000 after buying an extra 7,266 shares over the past quarter. Cambridge Funding Analysis Advisors Inc. lifted its place in Meritage Houses by 43.7% within the 1st quarter. Cambridge Funding Analysis Advisors Inc. now owns 3,740 shares of the development firm’s inventory value $296,000 after shopping for an extra 1,138 shares over the past quarter. AlphaCrest Capital Administration LLC bought a brand new stake in Meritage Houses within the first quarter value roughly $464,000. Financial institution of Montreal Can grew its place in Meritage Houses by 7.0% in the course of 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 buying an extra 962 shares over the past quarter. Lastly, MetLife Funding Administration LLC raised its stake in shares of Meritage Houses by 49.3% in the course of the first quarter. MetLife Funding Administration LLC now owns 19,463 shares of the development firm’s inventory value $1,542,000 after buying an extra 6,431 shares within the final quarter. 95.63% of the inventory is owned by institutional traders.
Wall Road Analysts Forecast Progress
A number of equities analysts just lately commented on MTH shares. StockNews.com assumed protection on shares of Meritage Houses in a report on Thursday, March sixteenth. They set a “purchase” score on the inventory. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. raised shares of Meritage Houses from a “impartial” score to an “chubby” score and set a $129.00 worth goal for the corporate in a analysis report on Monday, March sixth. Credit score Suisse Group upped their worth goal on shares of Meritage Houses from $106.00 to $130.00 and gave the corporate an “outperform” score in a analysis word on Friday, February third. Lastly, KeyCorp raised their goal worth on Meritage Houses from $104.00 to $127.00 and gave the inventory an “chubby” score in a analysis word on Monday, February sixth. One funding analyst has rated the inventory with a promote score, two have given a maintain score and 6 have assigned a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the inventory presently has a median score of “Reasonable Purchase” and a median worth goal of $110.86.
Insider Shopping for and Promoting
In different Meritage Houses information, CEO Phillippe Lord bought 5,400 shares of the agency’s inventory in a transaction that occurred on Friday, March third. The shares had been bought at a median worth of $110.00, for a complete transaction of $594,000.00. Following the completion of the transaction, the chief govt officer now owns 44,441 shares of the corporate’s inventory, valued at $4,888,510. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by the SEC web site. In different Meritage Houses information, CEO Phillippe Lord bought 5,400 shares of the enterprise’s inventory in a transaction on Friday, March third. The inventory was bought at a median worth of $110.00, for a complete worth of $594,000.00. Following the sale, the chief govt officer now instantly owns 44,441 shares of the corporate’s inventory, valued at $4,888,510. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered at this hyperlink. Additionally, Director Raymond Oppel bought 5,000 shares of the agency’s inventory in a transaction on Friday, March third. The shares had been bought at a median worth of $110.22, for a complete worth of $551,100.00. Following the transaction, the director now owns 10,000 shares of the corporate’s inventory, valued at $1,102,200. The disclosure for this sale may be discovered right here. Insiders have bought 11,683 shares of firm inventory valued at $1,290,994 during the last quarter. Company insiders personal 1.80% of the corporate’s inventory.
Meritage Houses Inventory Down 2.1 %
MTH inventory opened at $114.01 on Friday. The corporate has a market capitalization of $4.19 billion, a price-to-earnings ratio of 4.26 and a beta of 1.58. The corporate has a debt-to-equity ratio of 0.29, a fast ratio of 1.72 and a present ratio of 1.72. The enterprise’s 50 day shifting common worth is $111.02 and its two-hundred day shifting common worth is $93.72. Meritage Houses Co. has a fifty-two week low of $62.51 and a fifty-two week excessive of $119.70.
Meritage Houses (NYSE:MTH – Get Score) final issued its quarterly earnings outcomes on Wednesday, February 1st. The development firm reported $7.09 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.06. The corporate had income of $1.99 billion for the quarter, in comparison with analysts’ expectations of $1.98 billion. Meritage Houses had a return on fairness of 27.92% and a web margin of 15.79%. The agency’s income for the quarter was up 32.9% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $6.25 earnings per share. As a gaggle, analysts forecast that Meritage Houses Co. will publish 12.97 earnings per share for the present fiscal yr.
Meritage Houses Pronounces Dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Friday, March thirty first. Buyers of document on Wednesday, March fifteenth got a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 14th. This represents a $1.08 dividend on an annualized foundation and a yield of 0.95%. Meritage Houses’s dividend payout ratio (DPR) is presently 4.04%.
Meritage Houses Profile
Meritage Houses Corp. engages within the design and development of single household connected and indifferent houses. It operates by the Homebuilding and Monetary Companies segments. The Homebuilding phase acquires and develops lands, constructs houses, markets and sells these houses, and supplies guarantee and buyer providers.
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