Analysts Set Meritage Homes Corporation (NYSE:MTH) Price Target at $79.89

26 Jun 2026, 07:58 by Tristan Rich · The Markets Daily

Shares of Meritage Homes Corporation (NYSE:MTH – Get Free Report) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $79.8889.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Meritage Homes from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Truist Financial set a $80.00 price target on Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group set a $86.00 price target on Meritage Homes and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research lowered Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th.

Check Out Our Latest Analysis on MTH

Meritage Homes Stock Performance

Shares of Meritage Homes stock opened at $83.12 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.54 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.67 and a beta of 1.39. The business has a fifty day simple moving average of $68.23 and a two-hundred day simple moving average of $69.13. Meritage Homes has a 12 month low of $58.03 and a 12 month high of $84.74.

Meritage Homes (NYSE:MTH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.12). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Meritage Homes had a net margin of 6.86% and a return on equity of 8.08%. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.69 EPS. On average, equities analysts forecast that Meritage Homes will post 4.97 earnings per share for the current fiscal year.

Meritage Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Meritage Homes’s payout ratio is currently 35.23%.

Insiders Place Their Bets

In other Meritage Homes news, CAO Alison Sasser sold 1,273 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.11, for a total value of $79,066.03. Following the completion of the transaction, the chief accounting officer owned 7,634 shares of the company’s stock, valued at approximately $474,147.74. The trade was a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Meritage Homes

A number of hedge funds have recently bought and sold shares of MTH. Abacus Wealth Partners LLC bought a new position in shares of Meritage Homes during the 4th quarter valued at approximately $1,880,000. Rafferty Asset Management LLC grew its stake in shares of Meritage Homes by 84.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 107,394 shares of the construction company’s stock valued at $7,779,000 after acquiring an additional 49,101 shares during the period. Bayhunt Capital LLC bought a new position in shares of Meritage Homes during the 4th quarter valued at approximately $7,922,000. Capital World Investors grew its stake in shares of Meritage Homes by 44.3% during the 3rd quarter. Capital World Investors now owns 1,987,850 shares of the construction company’s stock valued at $143,980,000 after acquiring an additional 609,866 shares during the period. Finally, Peak Financial Advisors LLC grew its stake in shares of Meritage Homes by 234.7% during the 4th quarter. Peak Financial Advisors LLC now owns 33,090 shares of the construction company’s stock valued at $2,177,000 after acquiring an additional 23,204 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

About Meritage Homes

(Get Free Report)

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.