Meritage Homes (NYSE:MTH) Now Covered by Analysts at Citizens Jmp

Investment analysts at Citizens Jmp initiated coverage on shares of Meritage Homes (NYSE:MTH) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set a “market outperform” rating and a $90.00 price target on the construction company’s stock. Citizens Jmp’s price objective suggests a potential upside of 33.64% from the company’s current price.

A number of other brokerages also recently weighed in on MTH. Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a research report on Monday, December 29th. UBS Group restated a “buy” rating and issued a $104.00 price target (up previously from $101.00) on shares of Meritage Homes in a research note on Tuesday. Zacks Research cut Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Citigroup assumed coverage on Meritage Homes in a research report on Wednesday. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Meritage Homes has a consensus rating of “Hold” and an average price target of $85.63.

Meritage Homes Trading Up 0.7%

Shares of NYSE:MTH opened at $67.34 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. Meritage Homes has a 12-month low of $59.27 and a 12-month high of $84.74. The business has a 50 day moving average of $68.55 and a two-hundred day moving average of $71.42. The company has a market capitalization of $4.74 billion, a PE ratio of 6.84 and a beta of 1.48.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Meritage Homes by 134.3% during the first quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock worth $2,740,000 after buying an additional 22,162 shares in the last quarter. Amundi grew its stake in Meritage Homes by 63.3% during the 1st quarter. Amundi now owns 31,478 shares of the construction company’s stock valued at $2,103,000 after acquiring an additional 12,197 shares in the last quarter. AQR Capital Management LLC raised its holdings in Meritage Homes by 51.7% in the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock valued at $917,000 after acquiring an additional 4,407 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Meritage Homes by 251.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,768 shares of the construction company’s stock worth $5,087,000 after purchasing an additional 51,329 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Meritage Homes by 282.0% in the 1st quarter. Millennium Management LLC now owns 522,872 shares of the construction company’s stock worth $37,061,000 after purchasing an additional 385,997 shares in the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

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.