Crossmark Global Holdings Inc. Has $801,000 Stock Position in Meritage Homes Corp (NYSE:MTH)

Crossmark Global Holdings Inc. decreased its stake in shares of Meritage Homes Corp (NYSE:MTH) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,380 shares of the construction company’s stock after selling 230 shares during the period. Crossmark Global Holdings Inc.’s holdings in Meritage Homes were worth $801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bailard Inc. acquired a new position in Meritage Homes during the 2nd quarter worth about $288,000. Cubist Systematic Strategies LLC acquired a new position in Meritage Homes during the 2nd quarter worth about $700,000. Dalton Greiner Hartman Maher & Co. acquired a new position in Meritage Homes during the 2nd quarter worth about $5,839,000. GYL Financial Synergies LLC acquired a new position in Meritage Homes during the 1st quarter worth about $650,000. Finally, State of Alaska Department of Revenue lifted its position in Meritage Homes by 54.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 28,957 shares of the construction company’s stock worth $2,036,000 after buying an additional 10,267 shares in the last quarter. Institutional investors and hedge funds own 95.06% of the company’s stock.

Shares of NYSE:MTH opened at $72.71 on Wednesday. The stock has a market capitalization of $2.77 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.54 and a beta of 1.00. Meritage Homes Corp has a 1-year low of $32.02 and a 1-year high of $72.83. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $68.77 and a two-hundred day moving average price of $57.44.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.28. The firm had revenue of $864.60 million during the quarter, compared to analysts’ expectations of $808.02 million. Meritage Homes had a return on equity of 11.81% and a net margin of 5.94%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 EPS. As a group, equities analysts predict that Meritage Homes Corp will post 5.44 EPS for the current year.

Several research analysts recently issued reports on MTH shares. Bank of America upped their price target on shares of Meritage Homes from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Citigroup raised Meritage Homes from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $63.00 in a report on Thursday, July 25th. ValuEngine cut Meritage Homes from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Meritage Homes from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised Meritage Homes from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $54.50 to $67.50 in a report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Meritage Homes has an average rating of “Buy” and an average price target of $54.29.

In other news, EVP C Timothy White sold 7,946 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.35, for a total value of $511,325.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond Oppel sold 15,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $68.26, for a total value of $1,023,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 702,425 shares of company stock valued at $44,685,523. 6.10% of the stock is currently owned by company insiders.

Meritage Homes Company Profile

Meritage Homes Corporation designs and builds single-family 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 first-time and first move-up buyers. The company also offers luxury homes; and title insurance and closing/settlement services to its homebuyers.

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Institutional Ownership by Quarter for Meritage Homes (NYSE:MTH)

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