3 days Ago By ABMN Staff
California Public Employees Retirement System cut its position in Meritage Homes Co. ( NYSE:MTH – Free Report ) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 66,577 shares of the construction company’s stock after selling 3,297 shares during the quarter. California Public Employees Retirement System owned approximately 0.09% of Meritage Homes worth $10,241,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Meritage Homes by 235.1% during the fourth quarter.
Smartleaf Asset Management LLC now owns 677 shares of the construction company’s stock worth $104,000 after buying an additional 475 shares during the period. JPMorgan Chase & Co. raised its stake in Meritage Homes by 33.
1% during the 4th quarter. JPMorgan Chase & Co. now owns 314,323 shares of the construction company’s stock valued at $48,349,000 after acquiring an additional 78,087 shares during the last quarter.
New York State Common Retirement Fund lifted its position in Meritage Homes by 4.9% during the 4th quarter. New York State Common Retirement Fund now owns 14,589 shares of the construction company’s stock worth $2,244,000 after acquiring an additional 679 shares during the period.
Proficio Capital Partners LLC purchased a new position in shares of Meritage Homes in the 4th quarter valued at approximately $3,218,000. Finally, Sei Investments Co. increased its holdings in shares of Meritage Homes by 10.
2% in the fourth quarter. Sei Investments Co. now owns 47,699 shares of the construction company’s stock valued at $7,337,000 after purchasing an additional 4,397 shares during the period.
Institutional investors and hedge funds own 98.44% of the company’s stock. Insider Activity In other news, COO Clinton Szubinski sold 595 shares of the company’s stock in a transaction on Wednesday, February 12th.
The stock was sold at an average price of $73.29, for a total value of $43,607.55.
Following the sale, the chief operating officer now directly owns 30,547 shares in the company, valued at $2,238,789.63. This represents a 1.
91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, Chairman Steven J.
Hilton acquired 11,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $74.51 per share, for a total transaction of $819,610.
00. Following the purchase, the chairman now owns 811,192 shares of the company’s stock, valued at approximately $60,441,915.92.
The trade was a 1.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Insiders have sold 1,683 shares of company stock worth $122,547 over the last ninety days. 2.00% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades View Our Latest Report on MTH Meritage Homes Stock Performance MTH opened at $69.08 on Monday. Meritage Homes Co.
has a 1-year low of $65.19 and a 1-year high of $106.99.
The stock has a market cap of $4.96 billion, a P/E ratio of 5.28 and a beta of 1.
69. The stock’s 50 day simple moving average is $73.75 and its 200 day simple moving average is $85.
05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.
61 and a quick ratio of 1.75. Meritage Homes ( NYSE:MTH – Get Free Report ) last posted its earnings results on Wednesday, January 29th.
The construction company reported $4.72 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.
17. Meritage Homes had a return on equity of 15.90% and a net margin of 12.
29%. As a group, equities analysts anticipate that Meritage Homes Co. will post 9.
44 EPS for the current fiscal year. Meritage Homes Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.
43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.
49%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Meritage Homes’s previous quarterly dividend of $0.
38. Meritage Homes’s dividend payout ratio is 13.16%.
Meritage Homes Profile ( Free Report ) 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.
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