Meritage Homes Co. (NYSE:MTH) Shares Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP grew its position in shares of Meritage Homes Co. (NYSE:MTH - Free Report) by 150.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,399 shares of the construction company's stock after buying an additional 5,642 shares during the quarter. Meritage Homes accounts for 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 29th largest position. Semanteon Capital Management LP's holdings in Meritage Homes were worth $1,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its position in Meritage Homes by 545.5% during the fourth quarter. Allworth Financial LP now owns 213 shares of the construction company's stock valued at $33,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC bought a new stake in Meritage Homes during the 4th quarter worth approximately $92,000. Smartleaf Asset Management LLC raised its position in shares of Meritage Homes by 235.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 677 shares of the construction company's stock valued at $104,000 after purchasing an additional 475 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Meritage Homes by 3,044.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 912 shares of the construction company's stock valued at $187,000 after acquiring an additional 883 shares in the last quarter. Finally, KBC Group NV boosted its stake in Meritage Homes by 18.7% in the 3rd quarter. KBC Group NV now owns 986 shares of the construction company's stock worth $202,000 after purchasing an additional 155 shares during the period. Institutional investors own 98.44% of the company's stock.

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Insider Activity at Meritage Homes

In other Meritage Homes news, Chairman Steven J. Hilton purchased 11,000 shares of Meritage Homes stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $74.51 per share, with a total value of $819,610.00. Following the acquisition, the chairman now owns 811,192 shares of the company's stock, valued at $60,441,915.92. This trade represents a 1.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Alison Sasser sold 676 shares of Meritage Homes stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $72.03, for a total transaction of $48,692.28. Following the completion of the sale, the chief accounting officer now directly owns 5,933 shares in the company, valued at $427,353.99. This represents a 10.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,683 shares of company stock worth $122,547. 2.00% of the stock is owned by corporate insiders.

Meritage Homes Stock Down 0.4 %

NYSE MTH traded down $0.32 during trading on Tuesday, hitting $72.96. The company's stock had a trading volume of 824,475 shares, compared to its average volume of 825,468. The company has a market cap of $5.24 billion, a PE ratio of 5.58 and a beta of 1.92. Meritage Homes Co. has a fifty-two week low of $68.93 and a fifty-two week high of $106.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.75. The business's 50 day simple moving average is $75.51 and its 200-day simple moving average is $86.79.

Meritage Homes (NYSE:MTH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.72 earnings per share for the quarter, beating analysts' consensus estimates of $4.55 by $0.17. Meritage Homes had a return on equity of 15.90% and a net margin of 12.29%. On average, equities analysts anticipate that Meritage Homes Co. will post 9.44 EPS for the current fiscal year.

Meritage Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, March 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Meritage Homes's previous quarterly dividend of $0.38. Meritage Homes's dividend payout ratio (DPR) is presently 13.16%.

Analyst Ratings Changes

MTH has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Meritage Homes from $97.00 to $90.00 and set a "market perform" rating on the stock in a research note on Thursday, February 6th. UBS Group dropped their price objective on shares of Meritage Homes from $126.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their target price on Meritage Homes from $117.50 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of Meritage Homes from a "hold" rating to a "sell" rating in a report on Monday. Finally, Wedbush reiterated a "neutral" rating and issued a $103.00 target price on shares of Meritage Homes in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Meritage Homes has a consensus rating of "Hold" and an average target price of $106.25.

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.