Meritage Homes Corporation $MTH is Dendur Capital LP’s 7th Largest Position

Dendur Capital LP boosted its stake in shares of Meritage Homes Corporation (NYSE:MTH) by 55.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 876,000 shares of the construction company’s stock after acquiring an additional 312,500 shares during the period. Meritage Homes accounts for approximately 5.3% of Dendur Capital LP’s portfolio, making the stock its 7th biggest position. Dendur Capital LP’s holdings in Meritage Homes were worth $58,666,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Arkadios Wealth Advisors grew its position in shares of Meritage Homes by 3.5% during the second quarter. Arkadios Wealth Advisors now owns 5,566 shares of the construction company’s stock worth $373,000 after buying an additional 186 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Meritage Homes by 2.5% in the second quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock worth $580,000 after acquiring an additional 208 shares during the last quarter. Signaturefd LLC grew its holdings in Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after acquiring an additional 219 shares in the last quarter. M&T Bank Corp grew its holdings in Meritage Homes by 5.6% during the 2nd quarter. M&T Bank Corp now owns 4,806 shares of the construction company’s stock worth $322,000 after acquiring an additional 256 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Meritage Homes by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 28,846 shares of the construction company’s stock valued at $1,932,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Price Performance

MTH stock opened at $69.75 on Wednesday. The business has a 50 day simple moving average of $69.62 and a 200-day simple moving average of $70.94. The company has a market capitalization of $4.91 billion, a P/E ratio of 7.09 and a beta of 1.44. Meritage Homes Corporation has a twelve month low of $59.27 and a twelve month high of $92.79. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $5.34 EPS. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, equities analysts anticipate that Meritage Homes Corporation will post 9.44 EPS for the current year.

Meritage Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, December 17th. Meritage Homes’s payout ratio is 17.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Meritage Homes in a research report on Monday. Bank of America cut their price target on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Wall Street Zen cut Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their price objective on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, UBS Group set a $101.00 target price on Meritage Homes and gave the stock a “buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.57.

About Meritage Homes

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.