Yousif Capital Administration LLC minimize its place in shares of Meritage Houses Co. (NYSE:MTH – Get Score) by 20.1% throughout the fourth quarter, in response to its most up-to-date Kind 13F submitting with the SEC. The institutional investor owned 24,339 shares of the development firm’s inventory after promoting 6,140 shares throughout the interval. Yousif Capital Administration LLC owned 0.07% of Meritage Houses price $2,244,000 as of its most up-to-date submitting with the SEC.
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Different hedge funds have additionally just lately added to or diminished their stakes within the firm. Ronald Blue Belief Inc. boosted its holdings in Meritage Houses by 139.2% throughout the third quarter. Ronald Blue Belief Inc. now owns 476 shares of the development firm’s inventory price $34,000 after shopping for an extra 277 shares within the final quarter. Quadrant Capital Group LLC lifted its holdings in Meritage Houses by 71.2% throughout the second quarter. Quadrant Capital Group LLC now owns 647 shares of the development firm’s inventory valued at $47,000 after buying an extra 269 shares within the final quarter. Quantbot Applied sciences LP bought a brand new place in Meritage Houses throughout the first quarter valued at $48,000. Amundi lifted its holdings in Meritage Houses by 66.4% throughout the second quarter. Amundi now owns 767 shares of the development firm’s inventory valued at $63,000 after buying an extra 306 shares within the final quarter. Lastly, EMC Capital Administration lifted its holdings in Meritage Houses by 51.5% throughout the second quarter. EMC Capital Administration now owns 1,383 shares of the development firm’s inventory valued at $100,000 after buying an extra 470 shares within the final quarter. 95.63% of the inventory is owned by hedge funds and different institutional traders.
Meritage Houses Worth Efficiency
Meritage Houses inventory opened at $113.45 on Friday. Meritage Houses Co. has a 12-month low of $62.51 and a 12-month excessive of $117.22. The inventory has a market cap of $4.15 billion, a P/E ratio of 4.24 and a beta of 1.56. The corporate has a 50-day shifting common worth of $107.76 and a 200 day shifting common worth of $90.40. 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 Score) final launched its quarterly earnings knowledge on Wednesday, February 1st. The development firm reported $7.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.06. Meritage Houses had a web margin of 15.79% and a return on fairness of 27.92%. The agency had income of $1.99 billion throughout the quarter, in comparison with analysts’ expectations of $1.98 billion. Throughout the identical interval final yr, the enterprise earned $6.25 earnings per share. Meritage Houses’s income was up 32.9% in comparison with the identical quarter final yr. Promote-side analysts anticipate that Meritage Houses Co. will put up 12.97 earnings per share for the present yr.
Meritage Houses Proclaims Dividend
The corporate additionally just lately disclosed a quarterly dividend, which will likely be paid on Friday, March thirty first. Traders of file on Wednesday, March fifteenth will likely be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 14th. Meritage Houses’s payout ratio is at present 4.04%.
Insider Shopping for and Promoting
In different Meritage Houses information, CEO Phillippe Lord bought 5,400 shares of the inventory in a transaction dated Friday, March third. The shares have been bought at a mean 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 SEC, which is on the market at this hyperlink. In different Meritage Houses information, COO Clinton Szubinski bought 776 shares of the inventory in a transaction dated Tuesday, February 14th. The shares have been bought at a mean worth of $114.16, for a complete transaction of $88,588.16. Following the completion of the transaction, the chief working officer now owns 3,615 shares of the corporate’s inventory, valued at $412,688.40. The sale was disclosed in a authorized submitting with the SEC, which is on the market at this hyperlink. Additionally, CEO Phillippe Lord bought 5,400 shares of the inventory in a transaction dated Friday, March third. The inventory was bought at a mean worth of $110.00, for a complete transaction of $594,000.00. Following the transaction, the chief govt officer now straight owns 44,441 shares of the corporate’s inventory, valued at roughly $4,888,510. The disclosure for this sale might be discovered right here. During the last ninety days, insiders bought 11,683 shares of firm inventory price $1,290,994. Insiders personal 1.80% of the corporate’s inventory.
Analysts Set New Worth Targets
A number of analysis corporations have issued reviews on MTH. TheStreet raised shares of Meritage Houses from a “c+” ranking to a “b-” ranking in a report on Thursday, December eighth. Credit score Suisse Group elevated their worth goal on shares of Meritage Houses from $106.00 to $130.00 and gave the corporate an “outperform” ranking in a report on Friday, February third. StockNews.com started protection on shares of Meritage Houses in a analysis report on Thursday, March sixteenth. They issued a “purchase” ranking for the corporate. The Goldman Sachs Group elevated their goal worth on shares of Meritage Houses from $87.00 to $103.00 and gave the corporate a “impartial” ranking in a analysis report on Thursday, January twelfth. Lastly, KeyCorp elevated their goal worth on shares of Meritage Houses from $104.00 to $127.00 and gave the corporate an “obese” ranking in a analysis report on Monday, February sixth. One analyst has rated the inventory with a promote ranking, two have issued a maintain ranking and 6 have issued a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate at present has a mean ranking of “Reasonable Purchase” and a mean worth goal of $110.86.
Meritage Houses Profile
(Get Score)
Meritage Houses Corp. engages within the design and development of single household hooked up and indifferent properties. It operates by means of the Homebuilding and Monetary Providers segments. The Homebuilding section acquires and develops lands, constructs properties, markets and sells these properties, and offers guarantee and buyer companies.
See Additionally
Wish to see what different hedge funds are holding MTH? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Meritage Houses Co. (NYSE:MTH – Get Score).
This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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