Meritage Homes (MTH)’s Executive Vice President – COO Phillippe Lord Sold 537 Shares; Piedmont Investment Advisors Has Cut By $515,910 Its Wesco Intl Com (WCC) Position

February 15, 2018 - By Adrian Mccoy

Piedmont Investment Advisors Llc decreased Wesco Intl Inc Com (WCC) stake by 30.28% reported in 2017Q3 SEC filing. Piedmont Investment Advisors Llc sold 8,895 shares as Wesco Intl Inc Com (WCC)’s stock declined 13.95%. The Piedmont Investment Advisors Llc holds 20,485 shares with $1.19 million value, down from 29,380 last quarter. Wesco Intl Inc Com now has $2.99B valuation. The stock increased 1.11% or $0.7 during the last trading session, reaching $63.5. About 674,686 shares traded or 79.42% up from the average. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since February 15, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Phillippe Lord, an insider of Meritage Homes Corp, currently Executive Vice President – COO not a long ago disclosed a sale with the SEC. According to the electronic document, Phillippe Lord made a sale of 537 shares of the public firm, priced at $45.2 per share. $24,272 USD was the sale’s value. The SEC report’s date was 14-02-2018. Phillippe Lord owns around 0.06% of Meritage Homes Corp’s total market capitalization or 25,589 shares.

Among 18 analysts covering Meritage (NYSE:MTH), 3 have Buy rating, 1 Sell and 14 Hold. Therefore 17% are positive. Meritage has $60 highest and $28 lowest target. $48.15’s average target is 3.22% above currents $46.65 stock price. Meritage had 54 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Bank of America with “Underperform” on Friday, February 2. As per Monday, July 11, the company rating was downgraded by Zelman. The stock of Meritage Homes Corporation (NYSE:MTH) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 1. The rating was downgraded by Zacks on Monday, September 7 to “Sell”. On Thursday, February 1 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Neutral” rating given on Monday, October 30 by Citigroup. The company was maintained on Monday, November 2 by FBR Capital. The firm has “Mkt Perform” rating given on Thursday, September 10 by FBR Capital. JMP Securities upgraded the stock to “Mkt Outperform” rating in Monday, April 3 report. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, July 29 report.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.07, from 1.18 in 2017Q2. It is positive, 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. Parkside Finance Commercial Bank has invested 0% in Meritage Homes Corporation (NYSE:MTH). Millennium Ltd Liability has invested 0.09% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Invesco has 0.01% invested in Meritage Homes Corporation (NYSE:MTH). Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 1,000 shares. Blackrock holds 5.42 million shares or 0.01% of its portfolio. Indexiq Ltd Liability Co holds 23,552 shares. 101,641 are held by Leuthold Llc. 27,272 were accumulated by Laurion Capital Mgmt Ltd Partnership. 6,075 were reported by Connable Office. Moreover, Tower Rech Capital Limited Liability Com (Trc) has 0.01% invested in Meritage Homes Corporation (NYSE:MTH). Employees Retirement System Of Ohio, Ohio-based fund reported 3,016 shares. Citigroup reported 26,757 shares. James Investment Inc accumulated 227,680 shares. Oppenheimer Asset Management Incorporated owns 35,605 shares. Next Grp reported 547 shares or 0.01% of all its holdings.

The stock increased 2.75% or $1.25 during the last trading session, reaching $46.65. About 269,494 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 18.92% since February 15, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.88 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 13.68 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.

Since December 12, 2017, it had 0 buys, and 1 sale for $605,640 activity. $605,640 worth of Meritage Homes Corporation (NYSE:MTH) was sold by Sarver Robert Gary.

Piedmont Investment Advisors Llc increased Berkshire Hathaway Inc Del Cl (BRKB) stake by 3,892 shares to 415,355 valued at $76.14M in 2017Q3. It also upped Gilead Sciences Inc Com (NASDAQ:GILD) stake by 37,969 shares and now owns 358,463 shares. Unitedhealth Group Inc Com (NYSE:UNH) was raised too.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.30, from 1.28 in 2017Q2. It is negative, as 35 investors sold WCC shares while 59 reduced holdings. 25 funds opened positions while 67 raised stakes. 45.65 million shares or 2.05% less from 46.61 million shares in 2017Q2 were reported. Asset Mngmt Incorporated reported 0.02% of its portfolio in WESCO International, Inc. (NYSE:WCC). Jacobs Levy Equity Inc invested 0.18% in WESCO International, Inc. (NYSE:WCC). Federated Pa reported 29,639 shares stake. Credit Suisse Ag reported 35,471 shares or 0% of all its holdings. Brandywine Global Management Ltd Liability Com, a Pennsylvania-based fund reported 88,155 shares. Parkside Bancorporation And, a Missouri-based fund reported 945 shares. Northwestern Mutual Wealth stated it has 0% of its portfolio in WESCO International, Inc. (NYSE:WCC). Dean Management stated it has 1.6% in WESCO International, Inc. (NYSE:WCC). Bb&T Secs Limited Liability Company has 47,877 shares for 0.04% of their portfolio. Teacher Retirement Sys Of Texas owns 4,028 shares or 0% of their US portfolio. Quantbot Limited Partnership invested in 4,462 shares or 0.02% of the stock. Ameriprise Financial Inc, Minnesota-based fund reported 18,809 shares. Selway Asset Mgmt reported 0.83% stake. 171,633 are owned by Employees Retirement Systems Of Ohio. Manufacturers Life Insur The owns 137,975 shares for 0.01% of their portfolio.

Since December 12, 2017, it had 0 insider purchases, and 1 sale for $376,603 activity. Shares for $376,603 were sold by Singleton James Louis.

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