Ziegler Capital Administration LLC lowered its holdings in shares of Meritage Houses Co. (NYSE:MTH – Get Score) by 15.0% within the 4th quarter, in response to its most up-to-date Type 13F submitting with the Securities and Trade Fee. The institutional investor owned 12,600 shares of the development firm’s inventory after promoting 2,223 shares throughout the quarter. Ziegler Capital Administration LLC’s holdings in Meritage Houses had been price $1,162,000 on the finish of the newest reporting interval.
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Different institutional traders have additionally lately made modifications to their positions within the firm. Ronald Blue Belief Inc. grew its place in shares of 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 buying a further 277 shares within the final quarter. Quadrant Capital Group LLC grew its holdings in Meritage Houses by 71.2% throughout the 2nd quarter. Quadrant Capital Group LLC now owns 647 shares of the development firm’s inventory valued at $47,000 after shopping for a further 269 shares within the final quarter. Quantbot Applied sciences LP bought a brand new place in Meritage Houses throughout the 1st quarter valued at roughly $48,000. Amundi grew its holdings in Meritage Houses by 66.4% throughout the 2nd quarter. Amundi now owns 767 shares of the development firm’s inventory valued at $63,000 after shopping for a further 306 shares within the final quarter. Lastly, Covestor Ltd grew its holdings in Meritage Houses by 108.3% throughout the 1st quarter. Covestor Ltd now owns 1,337 shares of the development firm’s inventory valued at $106,000 after shopping for a further 695 shares within the final quarter. Hedge funds and different institutional traders personal 95.63% of the corporate’s inventory.
Meritage Houses Worth Efficiency
Shares of MTH inventory opened at $116.66 on Wednesday. Meritage Houses Co. has a 52-week low of $62.51 and a 52-week excessive of $119.70. 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 agency has a market capitalization of $4.29 billion, a P/E ratio of 4.36 and a beta of 1.58. The inventory has a 50 day shifting common worth of $110.47 and a 200 day shifting common worth of $93.02.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.06. Meritage Houses had a return on fairness of 27.92% and a internet margin of 15.79%. The agency had income of $1.99 billion throughout the quarter, in comparison with analyst estimates of $1.98 billion. Throughout the identical interval final 12 months, the corporate earned $6.25 EPS. Meritage Houses’s quarterly income was up 32.9% in comparison with the identical quarter final 12 months. As a gaggle, sell-side analysts predict that Meritage Houses Co. will publish 12.97 earnings per share for the present 12 months.
Meritage Houses Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Friday, March thirty first. Traders of document on Wednesday, March fifteenth had been paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized foundation and a dividend yield of 0.93%. The ex-dividend date was Tuesday, March 14th. Meritage Houses’s dividend payout ratio is presently 4.04%.
Analyst Scores Modifications
A number of equities analysts have weighed in on MTH shares. StockNews.com began protection on Meritage Houses in a report on Thursday, March sixteenth. They set a “purchase” ranking for the corporate. TheStreet upgraded Meritage Houses from a “c+” ranking to a “b-” ranking in a report on Thursday, December eighth. Credit score Suisse Group raised their worth goal on Meritage Houses from $106.00 to $130.00 and gave the corporate an “outperform” ranking in a report on Friday, February third. KeyCorp raised their worth goal on Meritage Houses from $104.00 to $127.00 and gave the corporate an “chubby” ranking in a report on Monday, February sixth. Lastly, The Goldman Sachs Group lifted their goal worth on Meritage Houses from $87.00 to $103.00 and gave the inventory a “impartial” ranking in a report on Thursday, January twelfth. One analysis analyst has rated the inventory with a promote ranking, two have assigned a maintain ranking and 6 have given a purchase ranking to the corporate. In line with MarketBeat.com, the corporate has a median ranking of “Reasonable Purchase” and a median goal worth of $110.86.
Insider Shopping for and Promoting
In associated information, CAO Alison Sasser offered 345 shares of the agency’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 transaction of $39,385.20. Following the completion of the sale, the chief accounting officer now immediately owns 880 shares of the corporate’s inventory, valued at roughly $100,460.80. The sale was disclosed in a submitting with the Securities & Trade Fee, which is accessible by means of this hyperlink. In different Meritage Houses information, Director Raymond Oppel offered 5,000 shares of Meritage Houses 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 immediately owns 10,000 shares of the corporate’s inventory, valued at roughly $1,102,200. The sale was disclosed in a submitting with the SEC, which is accessible on the SEC web site. Additionally, CAO Alison Sasser offered 345 shares of Meritage Houses inventory in a transaction on Tuesday, February 14th. The shares had been offered at a median worth of $114.16, for a complete worth of $39,385.20. Following the sale, the chief accounting officer now immediately owns 880 shares of the corporate’s inventory, valued at $100,460.80. The disclosure for this sale may be discovered right here. Within the final three months, insiders offered 11,683 shares of firm inventory valued at $1,290,994. Insiders personal 1.80% of the corporate’s inventory.
About Meritage Houses
Meritage Houses Corp. engages within the design and building of single household connected and indifferent houses. It operates by means of the Homebuilding and Monetary Providers segments. The Homebuilding section acquires and develops lands, constructs houses, markets and sells these houses, and gives guarantee and buyer companies.
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