Measured Wealth Private Client Group LLC Buys 236 Shares of Meritage Homes Co. (NYSE:MTH)

Measured Wealth Private Client Group LLC grew its stake in Meritage Homes Co. (NYSE:MTH) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,863 shares of the construction company’s stock after purchasing an additional 236 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Meritage Homes were worth $502,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake in Meritage Homes by 91.6% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the construction company’s stock valued at $36,000 after acquiring an additional 98 shares in the last quarter. Parallel Advisors LLC grew its position in Meritage Homes by 157.6% in the 4th quarter. Parallel Advisors LLC now owns 237 shares of the construction company’s stock worth $41,000 after purchasing an additional 145 shares in the last quarter. Principal Securities Inc. purchased a new stake in Meritage Homes in the 4th quarter valued at about $47,000. Daiwa Securities Group Inc. purchased a new stake in Meritage Homes in the 4th quarter valued at about $52,000. Finally, GAMMA Investing LLC bought a new position in shares of Meritage Homes during the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Meritage Homes Stock Performance

Shares of NYSE MTH traded down $1.45 during trading on Tuesday, reaching $154.70. 392,421 shares of the stock traded hands, compared to its average volume of 421,502. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $5.62 billion, a P/E ratio of 7.22 and a beta of 1.80. Meritage Homes Co. has a 52-week low of $109.23 and a 52-week high of $189.96. The company has a 50-day moving average of $171.11 and a 200-day moving average of $165.72.

Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $5.06 EPS for the quarter, beating the consensus estimate of $3.54 by $1.52. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.28 billion. Meritage Homes had a net margin of 12.54% and a return on equity of 17.63%. Analysts forecast that Meritage Homes Co. will post 20.27 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, June 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.94%. Meritage Homes’s payout ratio is 13.99%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Meritage Homes from $180.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Wedbush reiterated an “underperform” rating and set a $148.00 target price on shares of Meritage Homes in a research note on Tuesday, May 21st. Finally, StockNews.com upgraded shares of Meritage Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $178.25.

Meritage Homes Profile

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.