Integrated Investment Consultants LLC Has $576,000 Holdings in Meritage Homes Co. (NYSE:MTH)

Integrated Investment Consultants LLC lowered its stake in Meritage Homes Co. (NYSE:MTH) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,810 shares of the construction company’s stock after selling 101 shares during the period. Integrated Investment Consultants LLC’s holdings in Meritage Homes were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTH. Wedge Capital Management L L P NC lifted its position in shares of Meritage Homes by 734.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 272,122 shares of the construction company’s stock worth $55,804,000 after purchasing an additional 239,511 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Meritage Homes during the 1st quarter worth about $32,303,000. Swedbank AB acquired a new position in shares of Meritage Homes during the 1st quarter worth about $25,495,000. Mizuho Markets Americas LLC acquired a new position in shares of Meritage Homes during the 2nd quarter worth about $22,887,000. Finally, Boston Partners acquired a new position in shares of Meritage Homes during the 1st quarter worth about $23,106,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MTH. Raymond James cut Meritage Homes from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wedbush raised Meritage Homes from an “underperform” rating to a “neutral” rating and upped their price target for the company from $160.00 to $195.00 in a report on Tuesday, October 15th. The Goldman Sachs Group raised Meritage Homes from a “neutral” rating to a “buy” rating and upped their price target for the company from $205.00 to $235.00 in a report on Thursday, October 31st. StockNews.com cut Meritage Homes from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods cut their price target on Meritage Homes from $210.00 to $198.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $218.17.

Meritage Homes Stock Performance

NYSE MTH opened at $177.68 on Friday. The firm’s fifty day moving average price is $192.66 and its two-hundred day moving average price is $184.19. The stock has a market cap of $6.43 billion, a PE ratio of 8.04 and a beta of 1.82. Meritage Homes Co. has a fifty-two week low of $137.70 and a fifty-two week high of $213.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $5.34 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.29. Meritage Homes had a net margin of 12.63% and a return on equity of 16.89%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $5.98 earnings per share. Meritage Homes’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts expect that Meritage Homes Co. will post 21.27 EPS for the current fiscal year.

Meritage Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.00 annualized dividend and a yield of 1.69%. Meritage Homes’s payout ratio is 13.58%.

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.