GSA Capital Partners LLP raised its holdings in shares of Meritage Homes Corporation (NYSE:MTH – Free Report) by 164.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,008 shares of the construction company’s stock after acquiring an additional 13,065 shares during the quarter. GSA Capital Partners LLP’s holdings in Meritage Homes were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of MTH. Royal Bank of Canada raised its holdings in Meritage Homes by 134.3% during the 1st quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock valued at $2,740,000 after acquiring an additional 22,162 shares during the period. AQR Capital Management LLC raised its holdings in Meritage Homes by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock valued at $917,000 after acquiring an additional 4,407 shares during the period. Goldman Sachs Group Inc. raised its holdings in Meritage Homes by 58.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after acquiring an additional 391,297 shares during the period. Empowered Funds LLC raised its holdings in Meritage Homes by 111.0% during the 1st quarter. Empowered Funds LLC now owns 32,971 shares of the construction company’s stock valued at $2,337,000 after acquiring an additional 17,343 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Meritage Homes by 102.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company’s stock valued at $22,621,000 after acquiring an additional 161,806 shares during the period. Institutional investors own 98.44% of the company’s stock.
Insider Activity
In other news, CEO Phillippe Lord sold 32,820 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $76.49, for a total value of $2,510,401.80. Following the transaction, the chief executive officer owned 260,389 shares of the company’s stock, valued at approximately $19,917,154.61. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Javier Feliciano sold 3,580 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $76.24, for a total transaction of $272,939.20. Following the completion of the transaction, the executive vice president owned 44,935 shares of the company’s stock, valued at $3,425,844.40. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 48,895 shares of company stock worth $3,719,339. Company insiders own 2.50% of the company’s stock.
Key Stories Impacting Meritage Homes
- Positive Sentiment: Zacks Research raised Meritage Homes’ earnings estimates for several future periods, including Q2 2026, Q3 2026, Q4 2026, FY2026, FY2027, and FY2028, signaling slightly better profit expectations. Meritage Homes stock page
- Neutral Sentiment: Despite the higher estimates, Zacks Research maintained a Strong Sell rating on Meritage Homes, suggesting analysts still see meaningful risk or limited upside. Meritage Homes stock page
- Neutral Sentiment: The updated forecasts are only incremental changes, so the news is more supportive than transformative for the stock. Meritage Homes stock page
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Meritage Homes from $78.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Meritage Homes from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Truist Financial set a $80.00 target price on shares of Meritage Homes and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research cut shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.89.
Get Our Latest Stock Report on MTH
Meritage Homes Trading Up 4.8%
Meritage Homes stock opened at $63.79 on Thursday. The stock has a market cap of $4.25 billion, a P/E ratio of 11.70, a PEG ratio of 2.69 and a beta of 1.43. Meritage Homes Corporation has a fifty-two week low of $58.03 and a fifty-two week high of $84.74. The firm’s fifty day moving average price is $64.09 and its 200-day moving average price is $68.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.96 and a current ratio of 1.96.
Meritage Homes (NYSE:MTH – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.12). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.55 billion. Meritage Homes had a return on equity of 8.08% and a net margin of 6.86%.The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 EPS. Equities research analysts forecast that Meritage Homes Corporation will post 5.01 earnings per share for the current fiscal year.
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.
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