12,803 Shares in Meritage Homes Corporation $MTH Bought by Summit Global Investments

Summit Global Investments bought a new stake in shares of Meritage Homes Corporation (NYSE:MTH) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,803 shares of the construction company’s stock, valued at approximately $1,074,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTH. Ausbil Investment Management Ltd boosted its holdings in Meritage Homes by 42.0% in the second quarter. Ausbil Investment Management Ltd now owns 12,557 shares of the construction company’s stock worth $1,024,000 after acquiring an additional 3,711 shares in the last quarter. First Bank & Trust acquired a new stake in Meritage Homes in the 2nd quarter worth approximately $224,000. GAMMA Investing LLC grew its position in Meritage Homes by 15.0% during the 2nd quarter. GAMMA Investing LLC now owns 5,365 shares of the construction company’s stock worth $450,000 after purchasing an additional 699 shares during the last quarter. Moulton Wealth Management Inc. purchased a new stake in Meritage Homes during the 2nd quarter worth approximately $262,000. Finally, Versant Capital Management Inc increased its stake in Meritage Homes by 62.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,351 shares of the construction company’s stock valued at $113,000 after purchasing an additional 519 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zelman & Associates lowered shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. UBS Group restated a “buy” rating and issued a $88.00 target price (up from $86.00) on shares of Meritage Homes in a research note on Friday, July 31st. Wall Street Zen upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Meritage Homes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.25.

Key Stories Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $1.03 from $0.96, suggesting some expected improvement in that quarter.
• Neutral Sentiment: The current full-year consensus EPS estimate is approximately $5.04, while Zacks forecasts FY2026 EPS of $5.01, FY2027 EPS of $5.88 and FY2028 EPS of $7.01.
• Negative Sentiment: Nearer-term estimates were reduced: Q3 2026 EPS fell to $1.25 from $1.41, Q4 2026 EPS to $1.48 from $1.57, and FY2026 EPS to $5.01 from $5.17.
• Negative Sentiment: Several longer-term forecasts were also cut, including FY2027 EPS to $5.88 from $6.10 and FY2028 EPS to $7.01 from $7.36. Zacks lowered Q3 2027 EPS particularly sharply, to $1.48 from $1.72, as well as Q1 and Q2 2028 EPS to $1.12 and $1.89, respectively.
• Negative Sentiment: The revisions indicate analysts now expect weaker profitability than previously projected, which is likely weighing on Read More.. The cautious outlook comes after Meritage’s latest quarterly revenue declined 14.1% year over year, despite an earnings beat.

Meritage Homes Trading Down 0.6%

Shares of Meritage Homes stock opened at $73.21 on Friday. The stock has a market cap of $4.77 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 5.39 and a beta of 1.36. The firm has a fifty day moving average price of $75.10 and a 200 day moving average price of $70.34. Meritage Homes Corporation has a 1 year low of $58.03 and a 1 year high of $85.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The firm’s revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 earnings per share. Equities research analysts predict that Meritage Homes Corporation will post 5.04 earnings per share for the current year.

Meritage Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Meritage Homes’s payout ratio is 40.17%.

About Meritage Homes

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.