Public Sector Pension Investment Board Grows Stock Holdings in Meritage Homes Corporation $MTH

Public Sector Pension Investment Board lifted its position in Meritage Homes Corporation (NYSE:MTH) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 277,531 shares of the construction company’s stock after buying an additional 32,693 shares during the period. Public Sector Pension Investment Board owned approximately 0.39% of Meritage Homes worth $20,102,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Caprock Group LLC acquired a new stake in Meritage Homes in the third quarter valued at approximately $235,000. Alps Advisors Inc. purchased a new stake in shares of Meritage Homes during the 3rd quarter valued at $4,731,000. Bessemer Group Inc. boosted its position in shares of Meritage Homes by 366.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,489 shares of the construction company’s stock worth $108,000 after purchasing an additional 1,170 shares in the last quarter. Principal Financial Group Inc. grew its stake in Meritage Homes by 13.1% during the 3rd quarter. Principal Financial Group Inc. now owns 402,664 shares of the construction company’s stock worth $29,165,000 after buying an additional 46,554 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in Meritage Homes during the 3rd quarter worth $220,000. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Price Performance

Shares of NYSE:MTH opened at $80.71 on Friday. Meritage Homes Corporation has a twelve month low of $59.27 and a twelve month high of $84.74. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.68 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48. The company’s 50 day moving average is $71.50 and its 200 day moving average is $72.14.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.55 by $0.12. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Meritage Homes had a net margin of 7.73% and a return on equity of 9.28%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.72 EPS. On average, sell-side analysts forecast that Meritage Homes Corporation will post 9.44 EPS for the current year.

Meritage Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 17th. Meritage Homes’s dividend payout ratio (DPR) is currently 27.22%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MTH shares. Zacks Research downgraded Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Citigroup began coverage on shares of Meritage Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Meritage Homes in a research note on Monday, December 29th. Finally, Citizens Jmp assumed coverage on shares of Meritage Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $90.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.63.

More Meritage Homes News

Here are the key news stories impacting Meritage Homes this week:

• Negative Sentiment: Zacks Research cut multiple FY2026–FY2028 and quarterly EPS forecasts for Meritage, lowering its full‑year outlook (FY2026 now $6.19 from $6.65) and keeping a “Strong Sell” rating — this raises downside risk to sentiment and could pressure valuation multiple if others follow. Zacks cuts MTH estimates (Feb 11, 2026)
• Negative Sentiment: Zacks lowered near‑term quarterly estimates across 2026–2027 (examples: Q1 2026 from $1.29 to $1.15; Q2 2026 to $1.77; Q3 2026 to $1.60; Q1 2027 to $1.33; Q3 2027 to $1.83), signaling expectations for softer homebuilding margins or volumes. Zacks trims quarterly EPS for MTH (Feb 11, 2026)
• Negative Sentiment: Longer‑term forecasts were cut (FY2027 now $7.12 vs prior $8.11; FY2028 $8.26), suggesting Zacks models slower recovery or higher cost pressures than consensus — could lead to analyst re‑ratings if sustained. Zacks lowers FY2027–FY2028 for MTH (Feb 11, 2026)

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.