Institutional Investors Are Crazy About Meritage Homes Corp (NYSE:MTH)

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Sentiment for Meritage Homes Corp (NYSE:MTH)

Meritage Homes Corp (NYSE:MTH) institutional sentiment increased to 1.3 in 2018 Q4. Its up 0.36, from 0.94 in 2018Q3. The ratio increased, as 86 institutional investors opened new and increased positions, while 66 cut down and sold stakes in Meritage Homes Corp. The institutional investors in our partner’s database reported: 36.76 million shares, down from 37.59 million shares in 2018Q3. Also, the number of institutional investors holding Meritage Homes Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 26 Reduced: 40 Increased: 59 New Position: 27.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.98 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 9.97 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 decreased 1.65% or $0.87 during the last trading session, reaching $51.78. About 352,400 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 3.47% since May 17, 2018 and is uptrending. It has underperformed by 0.90% the S&P500.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on July, 24. They expect $1.00 earnings per share, down 23.66 % or $0.31 from last year’s $1.31 per share. MTH’s profit will be $38.26 million for 12.95 P/E if the $1.00 EPS becomes a reality. After $0.65 actual earnings per share reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 53.85 % EPS growth.

Rr Partners Lp holds 4.12% of its portfolio in Meritage Homes Corporation for 877,221 shares. New Amsterdam Partners Llc Ny owns 97,233 shares or 1.18% of their US portfolio. Moreover, Echo Street Capital Management Llc has 1.08% invested in the company for 1.17 million shares. The New York-based Diker Management Llc has invested 0.83% in the stock. Earnest Partners Llc, a Georgia-based fund reported 2.06 million shares.

Since January 1, 0001, it had 0 buys, and 7 selling transactions for $2.23 million activity.

Meritage Homes Corporation (NYSE:MTH) Ratings Coverage

Ratings analysis reveals 0 of Meritage Homes’s analysts are positive. Out of 3 Wall Street analysts rating Meritage Homes, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $36 while the high is $45. The stock’s average target of $40 is -22.75% below today’s ($51.78) share price. MTH was included in 9 notes of analysts from January 4, 2019. Wedbush maintained the shares of MTH in report on Tuesday, March 5 with “Neutral” rating. The rating was downgraded by J.P. Morgan to “Sell” on Thursday, March 7. The firm has “Neutral” rating by Wedbush given on Thursday, January 10. Citigroup maintained Meritage Homes Corporation (NYSE:MTH) on Friday, January 4 with “Buy” rating. On Friday, February 1 the stock rating was downgraded by Citigroup to “Neutral”. The firm has “Market Perform” rating by JMP Securities given on Friday, February 1.

More notable recent Meritage Homes Corporation (NYSE:MTH) news were published by: Seekingalpha.com which released: “Meritage Homes’ (MTH) CEO Steven Hilton on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on January 31, 2019, also Globenewswire.com with their article: “Meritage Homes Appoints Elliot Mann to Southern California Division President – GlobeNewswire” published on August 06, 2018, Globenewswire.com published: “Meritage Homes Investor Discussion at the Evercore ISI Conference to be Webcast Live on March 6, 2019 – GlobeNewswire” on February 27, 2019. More interesting news about Meritage Homes Corporation (NYSE:MTH) were released by: Globenewswire.com and their article: “Robert Sarver to Retire from Meritage Homes Board of Directors – GlobeNewswire” published on February 19, 2019 as well as Fool.com‘s news article titled: “Why Meritage Homes Corporation Stock Jumped 9.5% Today – Motley Fool” with publication date: October 25, 2018.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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