Institutional Investors Positive on Meritage Homes Corp (NYSE:MTH)

May 18, 2018 - By Carrie Sands

Meritage Homes Corporation (NYSE:MTH) Logo

Sentiment for Meritage Homes Corp (NYSE:MTH)

Meritage Homes Corp (NYSE:MTH) institutional sentiment increased to 1.39 in 2017 Q4. Its up 0.14, from 1.25 in 2017Q3. The ratio increased, as 86 investment managers increased and opened new holdings, while 62 decreased and sold positions in Meritage Homes Corp. The investment managers in our partner’s database now hold: 37.83 million shares, down from 40.81 million shares in 2017Q3. Also, the number of investment managers holding Meritage Homes Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 46 Increased: 48 New Position: 38.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.78 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 12.86 P/E ratio. It acquires and develops land; and constructs, markets, and sells homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes and Monterey Homes brand names.

The stock increased 0.46% or $0.2 during the last trading session, reaching $43.9. About 28,606 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 26.14% since May 18, 2017 and is uptrending. It has outperformed by 14.59% the S&P500.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on August, 7. They expect $1.16 EPS, up 18.37 % or $0.18 from last year’s $0.98 per share. MTH’s profit will be $47.14 million for 9.46 P/E if the $1.16 EPS becomes a reality. After $1.07 actual EPS reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 8.41 % EPS growth.

Earnest Partners Llc holds 1.02% of its portfolio in Meritage Homes Corporation for 2.08 million shares. Echo Street Capital Management Llc owns 651,027 shares or 1.01% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 1% invested in the company for 506,502 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.83% in the stock. South Dakota Investment Council, a South Dakota-based fund reported 708,663 shares.

Since January 1, 0001, it had 0 insider buys, and 8 insider sales for $1.80 million activity.

Meritage Homes Corporation (NYSE:MTH) Ratings Coverage

Ratings analysis reveals 64% of Meritage Corp’s analysts are positive. Out of 11 Wall Street analysts rating Meritage Corp, 7 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $50.0 while the high is $60. The stock’s average target of $54.11 is 23.26% above today’s ($43.9) share price. MTH was included in 17 notes of analysts from December 21, 2017. The stock of Meritage Homes Corporation (NYSE:MTH) has “Buy” rating given on Monday, January 8 by Citigroup. The stock of Meritage Homes Corporation (NYSE:MTH) earned “Outperform” rating by Credit Suisse on Monday, January 22. JMP Securities maintained the stock with “Market Outperform” rating in Friday, February 2 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. As per Wednesday, March 7, the company rating was upgraded by JP Morgan. J.P. Morgan upgraded it to “Buy” rating and $58.0 target in Wednesday, March 7 report. Bank of America maintained Meritage Homes Corporation (NYSE:MTH) rating on Friday, February 2. Bank of America has “Underperform” rating and $55 target. On Wednesday, January 17 the stock rating was maintained by UBS with “Hold”. On Thursday, April 26 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was upgraded by Bank of America on Monday, May 14 to “Buy”.

More news for Meritage Homes Corporation (NYSE:MTH) were recently published by: Seekingalpha.com, which released: “Meritage Homes (MTH) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Benzinga.com‘s article titled: “BofA Upgrades Meritage Homes In Bullish Turn On Homebuilders, Downgrades 3 Building Products Names” and published on May 14, 2018 is yet another important article.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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