Meritage Homes Corporation (NYSE:MTH) Receives Consensus Rating of “Hold” from Analysts

Shares of Meritage Homes Corporation (NYSE:MTH) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $84.5714.

MTH has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Meritage Homes in a report on Monday, December 29th. Evercore ISI set a $77.00 price target on shares of Meritage Homes and gave the stock an “in-line” rating in a research note on Thursday, December 4th. Bank of America cut their price target on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Zacks Research lowered shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday.

Institutional Investors Weigh In On Meritage Homes

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in Meritage Homes by 265.5% in 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 during the period. Atlantic Union Bankshares Corp bought a new position in shares of Meritage Homes in the 2nd quarter worth about $33,000. Signaturefd LLC boosted its holdings in shares of Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after buying an additional 219 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Meritage Homes by 194.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after buying an additional 462 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of 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 during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Meritage Homes Stock Performance

Shares of MTH stock opened at $66.13 on Tuesday. 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 company’s fifty day moving average price is $68.71 and its two-hundred day moving average price is $71.30. The firm has a market capitalization of $4.66 billion, a P/E ratio of 6.72 and a beta of 1.48. Meritage Homes has a 12 month low of $59.27 and a 12 month high of $84.74.

Meritage Homes (NYSE:MTH) last announced its earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share (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 business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. The firm’s revenue was down 11.8% compared to the same quarter last year. 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. On average, research analysts anticipate 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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, December 17th. Meritage Homes’s dividend payout ratio (DPR) is currently 17.48%.

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.