Were Analysts Bullish Meritage Homes Corporation (NYSE:MTH) This Week?

September 8, 2018 - By Carolyn Hewitt

Meritage Homes Corporation (NYSE:MTH) LogoInvestors sentiment increased to 1.78 in 2018 Q1. Its up 0.39, from 1.39 in 2017Q4. It improved, as 18 investors sold Meritage Homes Corporation shares while 40 reduced holdings. 37 funds opened positions while 66 raised stakes. 37.41 million shares or 1.12% less from 37.83 million shares in 2017Q4 were reported.
Stratos Wealth Prns invested in 100 shares or 0% of the stock. Utd Services Automobile Association holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 6,857 shares. Qs Invsts Limited Liability accumulated 11 shares or 0% of the stock. Kemnay Advisory Svcs reported 17,600 shares stake. New York-based Amalgamated Financial Bank has invested 0.01% in Meritage Homes Corporation (NYSE:MTH). Interest Gru owns 0% invested in Meritage Homes Corporation (NYSE:MTH) for 24,620 shares. Hillsdale Mngmt has invested 0.16% in Meritage Homes Corporation (NYSE:MTH). State Common Retirement Fund holds 0.03% in Meritage Homes Corporation (NYSE:MTH) or 500,859 shares. Great Lakes Advsrs Ltd accumulated 99,046 shares or 0.11% of the stock. 3,094 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Emerald Advisers Pa invested 1.06% in Meritage Homes Corporation (NYSE:MTH). Moreover, Emerald Mutual Fund Advisers Tru has 0.85% invested in Meritage Homes Corporation (NYSE:MTH). Fincl Bank Of Montreal Can invested 0% in Meritage Homes Corporation (NYSE:MTH). Hsbc Public Lc has 159,724 shares for 0.01% of their portfolio. Bluecrest Cap Management Ltd accumulated 0.01% or 7,216 shares.

Since March 8, 2018, it had 0 buys, and 2 selling transactions for $587,391 activity. $370,000 worth of Meritage Homes Corporation (NYSE:MTH) was sold by WHITE C TIMOTHY on Tuesday, May 29. Another trade for 12,500 shares valued at $550,250 was sold by AX PETER L.

Meritage Homes Corporation (NYSE:MTH) Ratings Coverage

Among 8 analysts covering Meritage Homes (NYSE:MTH), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Meritage Homes has $58 highest and $49 lowest target. $52.67’s average target is 22.63% above currents $42.95 stock price. Meritage Homes had 10 analyst reports since March 20, 2018 according to SRatingsIntel. The stock of Meritage Homes Corporation (NYSE:MTH) has “Market Perform” rating given on Friday, July 27 by Wells Fargo. The stock of Meritage Homes Corporation (NYSE:MTH) has “Outperform” rating given on Thursday, July 26 by Credit Suisse. The rating was upgraded by Bank of America on Monday, May 14 to “Buy”. The rating was maintained by Keefe Bruyette & Woods on Wednesday, March 21 with “Hold”. The stock of Meritage Homes Corporation (NYSE:MTH) earned “Outperform” rating by Credit Suisse on Thursday, April 26. As per Friday, July 27, the company rating was maintained by Wedbush. The firm has “Buy” rating by Citigroup given on Wednesday, June 20. JMP Securities maintained the stock with “Market Outperform” rating in Friday, April 27 report. Below is a list of Meritage Homes Corporation (NYSE:MTH) latest ratings and price target changes.

27/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $57 New Target: $49 Maintain
27/07/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $55 New Target: $54 Maintain
26/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $53 New Target: $50 Maintain
20/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $55 Maintain
14/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
26/04/2018 Broker: BTIG Research Rating: Hold
27/04/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $57 New Target: $58 Maintain
26/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $60 New Target: $53 Maintain
21/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $50.0 Maintain
20/03/2018 Broker: Wedbush Rating: Outperform New Target: $55 Initiates Coverage On

The stock decreased 1.49% or $0.65 during the last trading session, reaching $42.95. About 352,121 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 13.33% since September 8, 2017 and is uptrending. It has outperformed by 0.76% the S&P500.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.75 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 10.11 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.

More news for Meritage Homes Corporation (NYSE:MTH) were recently published by: Benzinga.com, which released: “Toll Brother’s Solid Q3 Results Puts Homebuilders On Strong Foundation” on August 21, 2018. Investorplace.com‘s article titled: “3 Homebuilder Stocks for Value Investors” and published on September 06, 2018 is yet another important article.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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