KBC Group NV Has $153,000 Stake in Meritage Homes Corporation $MTH

KBC Group NV reduced its stake in shares of Meritage Homes Corporation (NYSE:MTH) by 29.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,289 shares of the construction company’s stock after selling 977 shares during the period. KBC Group NV’s holdings in Meritage Homes were worth $153,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of Meritage Homes by 56.5% during the first quarter. New York State Common Retirement Fund now owns 22,834 shares of the construction company’s stock worth $1,618,000 after acquiring an additional 8,245 shares during the last quarter. CWM LLC raised its holdings in Meritage Homes by 166.3% during the 1st quarter. CWM LLC now owns 1,108 shares of the construction company’s stock worth $79,000 after purchasing an additional 692 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Meritage Homes by 100.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,266 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 12,133 shares during the period. Choreo LLC lifted its position in shares of Meritage Homes by 18.3% in the 1st quarter. Choreo LLC now owns 3,653 shares of the construction company’s stock worth $259,000 after purchasing an additional 565 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Meritage Homes by 41.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 65,895 shares of the construction company’s stock valued at $4,671,000 after purchasing an additional 19,404 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

MTH has been the topic of several recent analyst reports. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. upped their target price on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a report on Thursday, November 13th. Finally, Bank of America dropped 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.71.

Insider Transactions at Meritage Homes

In other Meritage Homes news, CEO Phillippe Lord sold 6,950 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $80.01, for a total transaction of $556,069.50. Following the transaction, the chief executive officer owned 221,320 shares in the company, valued at approximately $17,707,813.20. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Meritage Homes Stock Performance

Shares of Meritage Homes stock opened at $65.71 on Thursday. The business has a 50-day simple moving average of $70.48 and a 200 day simple moving average of $70.50. Meritage Homes Corporation has a one year low of $59.27 and a one year high of $98.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 6.68 and a beta of 1.36.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The company’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, research analysts anticipate that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Company 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.