California State Teachers Retirement System Increases Stock Position in Meritage Homes Corporation $MTH

California State Teachers Retirement System increased its holdings in Meritage Homes Corporation (NYSE:MTH - Free Report) by 25.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,892 shares of the construction company's stock after acquiring an additional 16,846 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Meritage Homes worth $5,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Meritage Homes by 134.3% during the first quarter. Royal Bank of Canada now owns 38,658 shares of the construction company's stock worth $2,740,000 after buying an additional 22,162 shares during the last quarter. AQR Capital Management LLC lifted its position in Meritage Homes by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company's stock worth $917,000 after acquiring an additional 4,407 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Meritage Homes by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company's stock valued at $75,051,000 after purchasing an additional 391,297 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Meritage Homes by 111.0% in the 1st quarter. Empowered Funds LLC now owns 32,971 shares of the construction company's stock valued at $2,337,000 after purchasing an additional 17,343 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Meritage Homes by 102.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company's stock valued at $22,621,000 after purchasing an additional 161,806 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MTH shares. Wall Street Zen upgraded Meritage Homes from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of Meritage Homes from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. Zelman & Associates cut shares of Meritage Homes from an "outperform" rating to a "neutral" rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of Meritage Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Meritage Homes from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Meritage Homes presently has a consensus rating of "Hold" and a consensus price target of $79.25.

Meritage Homes Stock Performance

NYSE MTH opened at $72.31 on Friday. Meritage Homes Corporation has a 1-year low of $58.03 and a 1-year high of $85.38. The company has a market capitalization of $4.71 billion, a P/E ratio of 15.13, a PEG ratio of 5.51 and a beta of 1.36. The business has a 50 day moving average price of $74.42 and a 200 day moving average price of $70.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.96.

Meritage Homes (NYSE:MTH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The business's revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 EPS. Sell-side analysts expect that Meritage Homes Corporation will post 5.02 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. Meritage Homes's dividend payout ratio (DPR) is presently 40.17%.

Insider Activity at Meritage Homes

In related news, CAO Alison Sasser sold 1,273 shares of Meritage Homes stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.11, for a total transaction of $79,066.03. Following the completion of the sale, the chief accounting officer owned 7,634 shares in the company, valued at approximately $474,147.74. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.

Key Headlines Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Citizens JMP raised its FY2027 EPS forecast to $5.50 from $5.28, indicating the firm still expects earnings growth beyond the current year. The firm also projects $5.00 in current-year EPS. Meritage Homes analyst estimates
• Positive Sentiment: Wolfe Research and Keefe, Bruyette & Woods increased their Q4 2026 EPS estimates to $1.53 and $1.64, respectively, suggesting expectations for stronger results later in the year. Meritage Homes analyst estimates
• Neutral Sentiment: Meritage Homes recently exceeded quarterly EPS expectations, reporting $1.42 versus the $1.30 consensus estimate. However, revenue declined 14.1% year over year to $1.41 billion, below estimates, and EPS fell from $2.04 in the prior-year period. Meritage Homes quarterly results
• Negative Sentiment: Citizens JMP cut its Q3 2026 EPS forecast to $1.20 from $1.39 and lowered estimates for Q1 and Q2 2027. Wolfe Research reduced its Q3 2026 forecast to $1.14 from $1.40, while Keefe, Bruyette & Woods cut its estimate to $1.16 from $1.52.
• Negative Sentiment: Longer-term estimates also weakened: Wolfe Research lowered FY2027 EPS to $6.04 from $6.82, and Keefe, Bruyette & Woods reduced FY2027 EPS to $5.95 from $6.51 and FY2028 EPS to $6.98 from $7.70. These reductions outweighed the more limited positive revisions and helped explain the stock’s decline.

Meritage Homes Profile

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company's core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.

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