Meritage Homes Corporation (NYSE:MTH) Given Consensus Recommendation of “Hold” by Analysts

Meritage Homes Corporation (NYSE:MTH) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $84.5714.

Several analysts have recently weighed in on the stock. 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 note on Tuesday, November 4th. Bank of America reduced 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. Wall Street Zen lowered shares of Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, UBS Group set a $101.00 price target on Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, October 30th.

Institutional Trading of Meritage Homes

Several large investors have recently made changes to their positions in MTH. Voya Investment Management LLC increased its position in shares of Meritage Homes by 82.2% in the first quarter. Voya Investment Management LLC now owns 21,782 shares of the construction company’s stock worth $1,544,000 after acquiring an additional 9,829 shares in the last quarter. Invesco Ltd. raised its position in shares of Meritage Homes by 99.9% in the 1st quarter. Invesco Ltd. now owns 336,158 shares of the construction company’s stock valued at $23,827,000 after purchasing an additional 168,013 shares in the last quarter. American Century Companies Inc. boosted its stake in Meritage Homes by 138.9% during the 1st quarter. American Century Companies Inc. now owns 716,998 shares of the construction company’s stock valued at $50,821,000 after acquiring an additional 416,919 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Meritage Homes by 23.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 649,617 shares of the construction company’s stock worth $46,045,000 after purchasing an additional 125,299 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Meritage Homes by 8.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,008 shares of the construction company’s stock valued at $4,472,000 after acquiring an additional 5,086 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Homes Stock Performance

NYSE MTH opened at $72.45 on Friday. The stock has a market capitalization of $5.10 billion, a PE ratio of 7.36 and a beta of 1.44. Meritage Homes has a 1-year low of $59.27 and a 1-year high of $93.25. The business has a 50 day simple moving average of $69.72 and a two-hundred day simple moving average of $70.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $5.34 earnings per share. The company’s revenue 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. On average, research analysts predict that Meritage Homes will post 9.44 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Meritage Homes’s dividend payout ratio is currently 17.48%.

Meritage Homes Company Profile

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.