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NYSE:MTH

Meritage Homes (MTH) Stock Price, News & Analysis

$175.12
+2.49 (+1.44%)
(As of 10:29 AM ET)
Today's Range
$172.70
$175.13
50-Day Range
$150.45
$176.46
52-Week Range
$109.23
$179.68
Volume
20,244 shs
Average Volume
416,261 shs
Market Capitalization
$6.33 billion
P/E Ratio
8.79
Dividend Yield
1.71%
Price Target
$180.00

Meritage Homes MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
4.3% Upside
$180.00 Price Target
Short Interest
Healthy
3.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.07mentions of Meritage Homes in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$635,171 Sold Last Quarter
Proj. Earnings Growth
10.10%
From $17.72 to $19.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.58 out of 5 stars

Construction Sector

64th out of 103 stocks

Operative Builders Industry

9th out of 17 stocks

MTH stock logo

About Meritage Homes Stock (NYSE:MTH)

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. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

MTH Stock Price History

MTH Stock News Headlines

Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
20 US Cities with the Most Million-Dollar Homes
MTH Apr 2024 170.000 call
MTH Apr 2024 160.000 put
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
MTH Dec 2024 130.000 call
Looking Into Meritage Homes's Recent Short Interest
MTH Mar 2024 250.000 call
Home builder sentiment climbs for third straight month
Beazer Homes (BZH) Q1 Earnings & Revenues Miss, Orders Up
Q4 2023 Meritage Homes Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/31/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/27/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
59001A10
Employees
1,838
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$180.00
High Stock Price Target
$188.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$738.75 million
Pretax Margin
15.47%

Debt

Sales & Book Value

Annual Sales
$6.14 billion
Cash Flow
$21.62 per share
Book Value
$126.53 per share

Miscellaneous

Free Float
35,518,000
Market Cap
$6.24 billion
Optionable
Optionable
Beta
1.76
12 Stocks Corporate Insiders are Abandoning Cover

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MTH Stock Analysis - Frequently Asked Questions

Should I buy or sell Meritage Homes stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTH, but not buy additional shares or sell existing shares.
View MTH analyst ratings
or view top-rated stocks.

What is Meritage Homes' stock price target for 2024?

7 Wall Street research analysts have issued twelve-month price objectives for Meritage Homes' shares. Their MTH share price targets range from $170.00 to $188.00. On average, they expect the company's share price to reach $180.00 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for MTH
or view top-rated stocks among Wall Street analysts.

How have MTH shares performed in 2024?

Meritage Homes' stock was trading at $174.20 at the beginning of the year. Since then, MTH stock has decreased by 0.9% and is now trading at $172.56.
View the best growth stocks for 2024 here
.

Are investors shorting Meritage Homes?

Meritage Homes saw a increase in short interest in February. As of February 29th, there was short interest totaling 1,060,000 shares, an increase of 19.9% from the February 14th total of 883,800 shares. Based on an average daily volume of 385,700 shares, the short-interest ratio is presently 2.7 days. Approximately 3.0% of the company's stock are sold short.
View Meritage Homes' Short Interest
.

When is Meritage Homes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our MTH earnings forecast
.

How were Meritage Homes' earnings last quarter?

Meritage Homes Co. (NYSE:MTH) released its quarterly earnings results on Wednesday, January, 31st. The construction company reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.20. The construction company earned $1.65 billion during the quarter, compared to the consensus estimate of $1.52 billion. Meritage Homes had a trailing twelve-month return on equity of 17.03% and a net margin of 12.03%.

How often does Meritage Homes pay dividends? What is the dividend yield for Meritage Homes?

Meritage Homes declared a quarterly dividend on Thursday, February 22nd. Stockholders of record on Friday, March 15th will be given a dividend of $0.75 per share on Friday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for MTH
.

Is Meritage Homes a good dividend stock?

Meritage Homes (NYSE:MTH) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.80%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 15.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTH.

What other stocks do shareholders of Meritage Homes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include D.R. Horton (DHI), Verizon Communications (VZ), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Salesforce (CRM), Walt Disney (DIS) and AT&T (T).

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.31%), Vanguard Group Inc. (11.40%), Dimensional Fund Advisors LP (4.61%), Greenhaven Associates Inc. (2.27%), Fisher Asset Management LLC (2.16%) and Fisher Asset Management LLC (2.15%). Insiders that own company stock include Alison Sasser, C Timothy White, Clinton Szubinski, Gerald W Haddock, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Peter L Ax, Phillippe Lord, Raymond Oppel and Steven J Hilton.
View institutional ownership trends
.

How do I buy shares of Meritage Homes?

Shares of MTH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTH) was last updated on 3/28/2024 by MarketBeat.com Staff

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