Crossmark Global Holdings Inc. Has $588,000 Stock Holdings in Meritage Homes Co. (NYSE:MTH)

Crossmark Global Holdings Inc. raised its holdings in Meritage Homes Co. (NYSE:MTH) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,867 shares of the construction company’s stock after buying an additional 264 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Meritage Homes were worth $588,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Meritage Homes in the third quarter worth $28,000. Assetmark Inc. grew its position in Meritage Homes by 53.6% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 60 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Meritage Homes by 1,033.3% during the 2nd quarter. Headlands Technologies LLC now owns 272 shares of the construction company’s stock worth $44,000 after purchasing an additional 248 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Meritage Homes during the second quarter valued at about $61,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Meritage Homes in the second quarter valued at about $64,000. 98.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTH has been the subject of several recent research reports. Wolfe Research raised Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price target for the company in a report on Wednesday, August 14th. Keefe, Bruyette & Woods reduced their target price on Meritage Homes from $210.00 to $198.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Raymond James cut shares of Meritage Homes from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upgraded shares of Meritage Homes from a “neutral” rating to a “buy” rating and lifted their target price for the company from $205.00 to $235.00 in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Meritage Homes from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $218.17.

Meritage Homes Stock Performance

Meritage Homes stock opened at $179.41 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 8.12 and a beta of 1.82. Meritage Homes Co. has a 12-month low of $137.70 and a 12-month high of $213.98. The stock has a 50-day simple moving average of $193.78 and a 200 day simple moving average of $183.99.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $5.34 EPS for the quarter, beating 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 business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $5.98 earnings per share. Meritage Homes’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that Meritage Homes Co. will post 21.22 earnings per share for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, September 16th. Meritage Homes’s dividend payout ratio (DPR) is presently 13.58%.

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.