Deutsche Bank AG Makes New $14.51 Million Investment in Meritage Homes Corporation $MTH

Deutsche Bank AG acquired a new stake in Meritage Homes Corporation (NYSE:MTH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 173,043 shares of the construction company's stock, valued at approximately $14,510,000. Deutsche Bank AG owned 0.27% of Meritage Homes as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Essential Partners LLC raised its holdings in Meritage Homes by 163.8% in the first quarter. Essential Partners LLC now owns 401 shares of the construction company's stock valued at $25,000 after acquiring an additional 249 shares in the last quarter. Larson Financial Group LLC lifted its stake in Meritage Homes by 265.5% in the third quarter. Larson Financial Group LLC now owns 402 shares of the construction company's stock worth $29,000 after acquiring an additional 292 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Meritage Homes by 194.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company's stock worth $47,000 after acquiring an additional 462 shares in the last quarter. Assetmark Inc. grew its holdings in Meritage Homes by 43.9% during the 1st quarter. Assetmark Inc. now owns 774 shares of the construction company's stock worth $48,000 after acquiring an additional 236 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Meritage Homes during the 4th quarter worth approximately $49,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Meritage Homes Stock Performance

Shares of MTH opened at $71.93 on Friday. The stock has a 50 day moving average price of $75.12 and a 200 day moving average price of $70.42. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 5.25 and a beta of 1.36. Meritage Homes Corporation has a 52-week low of $58.03 and a 52-week high of $85.38.

Meritage Homes (NYSE:MTH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.12. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The firm's revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the company earned $2.04 earnings per share. Research analysts predict that Meritage Homes Corporation will post 5.04 EPS for the current fiscal year.

Meritage Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Meritage Homes's dividend payout ratio (DPR) is 40.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a "buy" rating and issued a $93.00 price objective (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Wall Street Zen raised shares of Meritage Homes from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. lowered their target price on shares of Meritage Homes from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 28th. Zacks Research raised Meritage Homes from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Meritage Homes from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.25.

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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