Meritage Homes Corp (NYSE:MTH) Sentiment Improved in 2017 Q4

May 18, 2018 - By Peter Erickson

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Sentiment for Meritage Homes Corp (NYSE:MTH)

Meritage Homes Corp (NYSE:MTH) institutional sentiment increased to 1.39 in Q4 2017. Its up 0.14, from 1.25 in 2017Q3. The ratio has improved, as 86 investment professionals increased and opened new positions, while 62 reduced and sold their stakes in Meritage Homes Corp. The investment professionals in our partner’s database now possess: 37.83 million shares, down from 40.81 million shares in 2017Q3. Also, the number of investment professionals holding Meritage Homes Corp in their top 10 positions 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 earnings per share, up 18.37 % or $0.18 from last year’s $0.98 per share. MTH’s profit will be $47.14M for 9.46 P/E if the $1.16 EPS becomes a reality. After $1.07 actual earnings per share 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 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. As per Monday, January 8, the company rating was upgraded by Citigroup. Keefe Bruyette & Woods maintained it with “Hold” rating and $56.0 target in Thursday, February 1 report. The firm has “Outperform” rating by Credit Suisse given on Thursday, April 26. The stock has “Underperform” rating by Bank of America on Friday, February 2. UBS maintained the stock with “Hold” rating in Wednesday, January 17 report. Keefe Bruyette & Woods maintained Meritage Homes Corporation (NYSE:MTH) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $54.0 target. The company was maintained on Wednesday, March 21 by Keefe Bruyette & Woods. The firm has “Market Outperform” rating given on Friday, February 2 by JMP Securities. The firm has “Market Outperform” rating by JMP Securities given on Friday, April 27. Barclays Capital upgraded it to “Hold” rating and $50.0 target in Friday, February 2 report.

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

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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