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

28 Oct 2024, 10:28 by Amy Steele · The Cerbat Gem

Semanteon Capital Management LP decreased its holdings in Meritage Homes Co. (NYSE:MTH – Free Report) by 49.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,757 shares of the construction company’s stock after selling 3,729 shares during the quarter. Semanteon Capital Management LP’s holdings in Meritage Homes were worth $770,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Meritage Homes by 23.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,456 shares of the construction company’s stock valued at $2,010,000 after purchasing an additional 2,150 shares during the period. Measured Wealth Private Client Group LLC grew its holdings in shares of Meritage Homes by 9.0% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 2,863 shares of the construction company’s stock worth $502,000 after acquiring an additional 236 shares during the period. Legacy Wealth Asset Management LLC purchased a new position in Meritage Homes in the 1st quarter valued at approximately $273,000. Van ECK Associates Corp boosted its position in Meritage Homes by 36.5% during the first quarter. Van ECK Associates Corp now owns 14,228 shares of the construction company’s stock worth $2,496,000 after purchasing an additional 3,805 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Meritage Homes by 4.3% in the first quarter. Sequoia Financial Advisors LLC now owns 1,689 shares of the construction company’s stock valued at $296,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

MTH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Meritage Homes from $195.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, July 30th. Evercore ISI raised their price objective on Meritage Homes from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. The Goldman Sachs Group upped their target price on Meritage Homes from $173.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Wolfe Research raised Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price target on the stock in a research note on Wednesday, August 14th. Finally, StockNews.com downgraded shares of Meritage Homes from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Meritage Homes has an average rating of “Hold” and a consensus target price of $213.83.

Read Our Latest Stock Report on MTH

Meritage Homes Trading Up 2.0 %

Shares of NYSE:MTH traded up $3.62 during trading on Monday, reaching $186.46. 17,037 shares of the stock were exchanged, compared to its average volume of 402,190. Meritage Homes Co. has a 12-month low of $109.23 and a 12-month high of $213.98. The firm’s 50-day moving average price is $196.96 and its 200 day moving average price is $181.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 8.04 and a beta of 1.80.

Meritage Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, September 16th. Meritage Homes’s payout ratio is currently 13.20%.

Insider Transactions at Meritage Homes

In related news, CFO Hilla Sferruzza sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total transaction of $512,500.00. Following the completion of the sale, the chief financial officer now directly owns 44,570 shares of the company’s stock, valued at approximately $9,136,850. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Meritage Homes Profile

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