Meritage Homes (NYSE:MTH) Updates Q3 2026 Earnings Guidance

Meritage Homes (NYSE:MTH) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.100-1.300 for the period, compared to the consensus earnings per share estimate of 1.470. The company issued revenue guidance of -.

Meritage Homes Price Performance

NYSE MTH traded down $0.56 during trading on Thursday, hitting $71.05. 1,313,770 shares of the stock traded hands, compared to its average volume of 975,822. The company has a market capitalization of $4.74 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.35. The firm has a 50-day simple moving average of $73.49 and a 200-day simple moving average of $70.55. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.36. Meritage Homes has a 12-month low of $58.03 and a 12-month high of $85.38.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.12. Meritage Homes had a return on equity of 8.08% and a net margin of 6.86%.The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm earned $2.04 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, analysts predict that Meritage Homes will post 5 EPS for the current year.

Meritage Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

MTH has been the topic of a number of research reports. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. Bank of America dropped their price objective on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their price objective on Meritage Homes from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Wall Street Zen raised Meritage Homes from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial set a $80.00 target price on Meritage Homes and gave the stock a “buy” rating in a report on Thursday, April 16th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and a consensus target price of $79.00.

Insider Transactions at Meritage Homes

In other news, CAO Alison Sasser sold 1,273 shares of Meritage Homes stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.11, for a total value of $79,066.03. Following the transaction, the chief accounting officer directly owned 7,634 shares in the company, valued at approximately $474,147.74. This trade represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Meritage Homes

Several institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Meritage Homes by 265.5% during the third quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock worth $29,000 after purchasing an additional 292 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Meritage Homes by 194.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after buying an additional 462 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Meritage Homes during the 4th quarter worth $49,000. CIBC Private Wealth Group LLC increased its position in Meritage Homes by 23.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock valued at $104,000 after buying an additional 268 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Meritage Homes by 22.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,592 shares of the construction company’s stock valued at $106,000 after buying an additional 296 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Meritage Homes Company 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.