Analysts Set Meritage Homes Corporation (NYSE:MTH) PT at $84.57

Shares of Meritage Homes Corporation (NYSE:MTH) have received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $84.5714.

A number of brokerages have weighed in on MTH. JPMorgan Chase & Co. lifted their price target on shares of Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. UBS Group set a $101.00 price target on Meritage Homes and gave the company a “buy” rating in a research report on Thursday, October 30th. Zacks Research downgraded shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Wall Street Zen lowered shares of Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Bank of America cut their target price on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 10th.

Institutional Investors Weigh In On Meritage Homes

A number of institutional investors have recently added to or reduced their stakes in MTH. Archer Investment Corp boosted its position in shares of Meritage Homes by 11.4% during the 3rd quarter. Archer Investment Corp now owns 1,559 shares of the construction company’s stock worth $113,000 after purchasing an additional 159 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Meritage Homes by 3.3% during the third quarter. Arkadios Wealth Advisors now owns 5,749 shares of the construction company’s stock worth $416,000 after buying an additional 183 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Meritage Homes by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 8,658 shares of the construction company’s stock valued at $580,000 after acquiring an additional 208 shares during the last quarter. Signaturefd LLC lifted its position in Meritage Homes by 54.9% during the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after buying an additional 219 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Meritage Homes by 5.6% during the 2nd quarter. M&T Bank Corp now owns 4,806 shares of the construction company’s stock worth $322,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Meritage Homes Stock Performance

Shares of NYSE MTH opened at $65.79 on Tuesday. Meritage Homes has a 12 month low of $59.27 and a 12 month high of $84.74. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 6.69 and a beta of 1.48. The company has a 50 day simple moving average of $68.81 and a two-hundred day simple moving average of $71.23.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.34 EPS. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. As a group, analysts predict that Meritage Homes will post 9.44 earnings per share for the current year.

Meritage Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. Meritage Homes’s payout ratio is presently 17.48%.

About Meritage Homes

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.