Vaughan Nelson Investment Management L.P. Acquires Shares of 517,430 Meritage Homes Corporation $MTH

Vaughan Nelson Investment Management L.P. acquired a new stake in Meritage Homes Corporation (NYSE:MTH) in the third quarter, according to its most recent filing with the SEC. The fund acquired 517,430 shares of the construction company’s stock, valued at approximately $37,477,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in Meritage Homes in the 2nd quarter worth approximately $33,000. Signaturefd LLC increased its position in shares of Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after purchasing an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Meritage Homes by 194.9% during the second 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. Farther Finance Advisors LLC lifted its stake in Meritage Homes by 201.4% in the third quarter. Farther Finance Advisors LLC now owns 1,736 shares of the construction company’s stock worth $126,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Vident Advisory LLC purchased a new stake in Meritage Homes during the 2nd quarter valued at about $202,000. 98.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Bank of America cut their price target on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Meritage Homes in a research report on Monday, December 29th. Evercore ISI set a $77.00 target price on Meritage Homes and gave the company an “in-line” rating in a report on Thursday, December 4th. Finally, Wall Street Zen raised Meritage Homes from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.63.

Meritage Homes Stock Performance

MTH stock opened at $67.34 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. Meritage Homes Corporation has a 12-month low of $59.27 and a 12-month high of $84.74. The stock has a market capitalization of $4.74 billion, a PE ratio of 6.84 and a beta of 1.48. The stock’s 50 day simple moving average is $68.55 and its 200 day simple moving average is $71.42.

Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business posted $5.34 earnings per share. Meritage Homes’s quarterly revenue was down 11.8% compared to the same quarter last year. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, research analysts forecast that Meritage Homes Corporation will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, December 17th. Meritage Homes’s dividend payout ratio is 17.48%.

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.