Meritage Homes Corporation (NYSE:MTH) Receives Average Recommendation of “Hold” from Brokerages

Meritage Homes Corporation (NYSE:MTH) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $84.25.

A number of research firms recently commented on MTH. Citigroup assumed coverage on Meritage Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Meritage Homes in a report on Tuesday, January 13th. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Citizens Jmp began coverage on Meritage Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $90.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th.

Meritage Homes Trading Down 3.6%

Shares of MTH opened at $71.89 on Friday. Meritage Homes has a 12 month low of $59.27 and a 12 month high of $84.74. The stock’s 50-day moving average is $70.56 and its two-hundred day moving average is $71.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $5.06 billion, a PE ratio of 7.31 and a beta of 1.48.

Meritage Homes (NYSE:MTH) last posted its earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.37% and a net margin of 8.96%.The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.34 earnings per share. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. Equities analysts forecast that Meritage Homes will post 9.44 earnings per share for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, December 17th. Meritage Homes’s payout ratio is presently 17.48%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of Meritage Homes by 18.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,053 shares of the construction company’s stock worth $135,000 after purchasing an additional 317 shares during the period. Patten Group Inc. purchased a new position in Meritage Homes in the 4th quarter worth about $437,000. State of Alaska Department of Revenue increased its stake in Meritage Homes by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 60,040 shares of the construction company’s stock worth $3,949,000 after purchasing an additional 245 shares in the last quarter. Bayhunt Capital LLC acquired a new stake in Meritage Homes during the 4th quarter worth about $7,922,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in Meritage Homes during the fourth quarter valued at about $39,000. 98.44% of the stock is owned by institutional investors and hedge funds.

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.