Analysts Set Meritage Homes Corporation (NYSE:MTH) PT at $84.57

by · The Markets Daily

Shares of Meritage Homes Corporation (NYSE:MTH – Get Free Report) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $84.5714.

Several equities research analysts have commented on the stock. Evercore ISI set a $77.00 price target on shares of Meritage Homes and gave the company an “in-line” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. raised their target price on Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Zacks Research lowered Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Wall Street Zen cut Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, UBS Group set a $101.00 price target on Meritage Homes and gave the company a “buy” rating in a report on Thursday, October 30th.

View Our Latest Stock Report on Meritage Homes

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTH. Swiss Life Asset Management Ltd raised its holdings in Meritage Homes by 2.5% during the third quarter. Swiss Life Asset Management Ltd now owns 62,775 shares of the construction company’s stock worth $4,547,000 after purchasing an additional 1,544 shares in the last quarter. CIBC Private Wealth Group LLC increased 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 purchasing an additional 268 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Meritage Homes in the 3rd quarter worth $549,000. Coldstream Capital Management Inc. bought a new stake in shares of Meritage Homes in the 3rd quarter worth $249,000. Finally, Danske Bank A S acquired a new stake in shares of Meritage Homes in the third quarter valued at $1,069,000. 98.44% of the stock is currently owned by institutional investors.

Meritage Homes Stock Performance

MTH stock opened at $72.53 on Friday. Meritage Homes has a 1 year low of $59.27 and a 1 year high of $90.28. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 7.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s fifty day moving average is $69.57 and its two-hundred day moving average is $70.96.

Meritage Homes (NYSE:MTH – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The firm had revenue of $1.42 billion during 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 firm’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $5.34 EPS. 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 year.

Meritage Homes Dividend Announcement

The business 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 17th. Meritage Homes’s payout ratio is 17.48%.

About Meritage Homes

(Get Free Report)

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.

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