Meritage Homes (MTH) Forms $50.60 Double Top; Waddell & Reed Financial Has Lowered Its Borgwarner (BWA) Position

Waddell & Reed Financial Inc decreased Borgwarner Inc (BWA) stake by 0.36% reported in 2017Q3 SEC filing. Waddell & Reed Financial Inc sold 9,653 shares as Borgwarner Inc (BWA)’s stock declined 4.67%. The Waddell & Reed Financial Inc holds 2.68 million shares with $137.41 million value, down from 2.69 million last quarter. Borgwarner Inc now has $12.05B valuation. The stock increased 1.60% or $0.9 during the last trading session, reaching $57.16. About 1.14M shares traded. BorgWarner Inc. (NYSE:BWA) has risen 25.00% since January 27, 2017 and is uptrending. It has outperformed by 8.30% the S&P500.

Meritage Homes Corporation (MTH) formed double top with $53.64 target or 6.00% above today’s $50.60 share price. Meritage Homes Corporation (MTH) has $2.04 billion valuation. The stock decreased 0.20% or $0.1 during the last trading session, reaching $50.6. About 308,089 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 18.92% since January 27, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Since December 12, 2017, it had 0 insider purchases, and 1 insider sale for $605,640 activity. The insider Sarver Robert Gary sold 12,000 shares worth $605,640.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.07, from 1.18 in 2017Q2. It increased, as 14 investors sold Meritage Homes Corporation shares while 41 reduced holdings. 14 funds opened positions while 55 raised stakes. 40.81 million shares or 4.31% more from 39.12 million shares in 2017Q2 were reported. Morgan Stanley holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 132,428 shares. Jpmorgan Chase And accumulated 39,988 shares. Pinnacle Ltd Liability holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 100 shares. Credit Suisse Ag has 0% invested in Meritage Homes Corporation (NYSE:MTH) for 54,387 shares. Dreman Value L L C reported 8,420 shares stake. Moreover, Us National Bank & Trust De has 0% invested in Meritage Homes Corporation (NYSE:MTH) for 1,037 shares. Parkside Commercial Bank Tru holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 157 shares. Earnest Prtn Limited stated it has 0.78% in Meritage Homes Corporation (NYSE:MTH). Moreover, First Tru Advisors L P has 0.01% invested in Meritage Homes Corporation (NYSE:MTH) for 48,119 shares. Moreover, Victory Cap Mngmt has 0% invested in Meritage Homes Corporation (NYSE:MTH) for 4,870 shares. Comerica Bancorporation reported 40,041 shares stake. Brandywine Glob Invest Lc reported 0.04% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Hexavest holds 0.48% in Meritage Homes Corporation (NYSE:MTH) or 873,799 shares. Lsv Asset Management owns 485,300 shares for 0.04% of their portfolio. Connable Office has 6,075 shares.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on February, 7. They expect $1.25 earnings per share, up 2.46% or $0.03 from last year’s $1.22 per share. MTH’s profit will be $50.42M for 10.12 P/E if the $1.25 EPS becomes a reality. After $1.02 actual earnings per share reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 22.55% EPS growth.

Among 17 analysts covering Meritage (NYSE:MTH), 3 have Buy rating, 2 Sell and 12 Hold. Therefore 18% are positive. Meritage has $60 highest and $28 lowest target. $45.45’s average target is -10.18% below currents $50.6 stock price. Meritage had 49 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse upgraded the shares of MTH in report on Tuesday, December 15 to “Neutral” rating. UBS maintained Meritage Homes Corporation (NYSE:MTH) on Wednesday, January 17 with “Hold” rating. The stock of Meritage Homes Corporation (NYSE:MTH) earned “Equal Weight” rating by Barclays Capital on Thursday, July 30. Evercore downgraded the stock to “Hold” rating in Monday, January 30 report. The company was maintained on Tuesday, October 13 by Barclays Capital. JP Morgan upgraded Meritage Homes Corporation (NYSE:MTH) on Friday, September 11 to “Neutral” rating. The stock has “Neutral” rating by Citigroup on Monday, October 30. Zelman downgraded the stock to “Hold” rating in Monday, July 11 report. The firm earned “Sell” rating on Thursday, September 10 by UBS. On Friday, July 29 the stock rating was maintained by FBR Capital with “Mkt Perform”.

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.12, from 0.89 in 2017Q2. It increased, as 25 investors sold BWA shares while 176 reduced holdings. 79 funds opened positions while 125 raised stakes. 195.75 million shares or 4.13% more from 187.99 million shares in 2017Q2 were reported. Columbia Asset Mgmt accumulated 16,348 shares. California Pub Employees Retirement Sys holds 542,241 shares or 0.04% of its portfolio. The Bahamas-based Pictet State Bank & has invested 0.43% in BorgWarner Inc. (NYSE:BWA). Deutsche State Bank Ag accumulated 0.07% or 1.95 million shares. Cetera Advisor Limited Liability invested 0.01% in BorgWarner Inc. (NYSE:BWA). Quinn Opportunity Ptnrs Limited Liability invested in 48,005 shares or 0.39% of the stock. Patten Incorporated has 0% invested in BorgWarner Inc. (NYSE:BWA) for 35 shares. Dorsey And Whitney Tru Limited Liability Company invested 0.04% of its portfolio in BorgWarner Inc. (NYSE:BWA). Veritable LP stated it has 4,603 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 590,461 shares. 25,828 are owned by Argent Tru. Parkwood Ltd Liability Corp holds 0.03% or 3,989 shares. 7,195 are owned by Jane Street Grp Incorporated Llc. Qs Lc has 0% invested in BorgWarner Inc. (NYSE:BWA) for 2,657 shares. First Republic Invest Mngmt Inc holds 0.01% in BorgWarner Inc. (NYSE:BWA) or 25,481 shares.

Among 23 analysts covering Borgwarner Inc. (NYSE:BWA), 6 have Buy rating, 4 Sell and 13 Hold. Therefore 26% are positive. Borgwarner Inc. had 69 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. Susquehanna maintained the shares of BWA in report on Thursday, August 27 with “Positive” rating. The company was maintained on Tuesday, May 30 by Jefferies. Barclays Capital maintained BorgWarner Inc. (NYSE:BWA) on Thursday, September 3 with “Equal-Weight” rating. The stock has “Outperform” rating by RBC Capital Markets on Friday, July 31. The rating was maintained by RBC Capital Markets on Friday, October 13 with “Hold”. Barclays Capital maintained the shares of BWA in report on Monday, January 25 with “Equalweight” rating. The rating was maintained by Citigroup with “Neutral” on Monday, October 30. Robert W. Baird downgraded BorgWarner Inc. (NYSE:BWA) on Friday, August 28 to “Neutral” rating. The firm has “Hold” rating given on Thursday, July 27 by RBC Capital Markets.

Waddell & Reed Financial Inc increased Eaton Corp Plc (NYSE:ETN) stake by 88,068 shares to 1.14 million valued at $87.35M in 2017Q3. It also upped Cimarex Energy Co (NYSE:XEC) stake by 177,584 shares and now owns 2.02 million shares. Laredo Petroleum Inc (NYSE:LPI) was raised too.

Free Email Newsletter

Enter your email address below to get the latest news and analysts’ ratings for your stocks with our free daily email newsletter: