Meritage Homes Corporation (MTH) to Issue Quarterly Dividend of $0.48 on March 31st

Meritage Homes Corporation (NYSE:MTH) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.48 per share by the construction company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 11.6% increase from Meritage Homes’s previous quarterly dividend of $0.43.

Meritage Homes has a payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Meritage Homes to earn $10.77 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 16.0%.

Meritage Homes Stock Performance

NYSE:MTH opened at $77.71 on Friday. The firm has a market capitalization of $5.19 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.48. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 0.35. Meritage Homes has a 12-month low of $59.27 and a 12-month high of $84.74. The firm has a 50-day moving average price of $72.27 and a 200 day moving average price of $72.47.

Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. Meritage Homes had a return on equity of 9.28% and a net margin of 7.73%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $4.72 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Research analysts anticipate that Meritage Homes will post 9.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC lifted its position in shares of Meritage Homes by 63.9% during the fourth quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Larson Financial Group LLC raised its position in Meritage Homes by 265.5% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock worth $29,000 after purchasing an additional 292 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Meritage Homes during the 2nd quarter worth $33,000. Brown Lisle Cummings Inc. bought a new position in Meritage Homes in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Meritage Homes by 194.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after buying an additional 462 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

About Meritage Homes

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.