Meritage Homes (MTH) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
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7 equities research analysts have issued twelve-month price targets for Meritage Homes' shares. Their MTH share price targets range from $148.00 to $188.00. On average, they expect the company's share price to reach $172.67 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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Meritage Homes' stock was trading at $174.20 on January 1st, 2024. Since then, MTH shares have decreased by 13.9% and is now trading at $150.00.
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Meritage Homes saw a drop in short interest in March. As of March 31st, there was short interest totaling 827,900 shares, a drop of 24.7% from the March 15th total of 1,100,000 shares. Based on an average daily volume of 418,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.4% of the shares of the stock are short sold.
View Meritage Homes' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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Meritage Homes will be holding an earnings conference call on Thursday, April 25th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Meritage Homes announced a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 15th will be paid a dividend of $0.75 per share on Friday, March 29th. This represents a $3.00 annualized dividend and a yield of 2.00%. The ex-dividend date 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.

Meritage Homes (NYSE:MTH) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.93%. 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 15.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTH.

ETFs with the largest weight of Meritage Homes (NYSE:MTH) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), Invesco S&P SmallCap Momentum ETF (XSMO), iShares U.S. Home Construction ETF (ITB), Euclidean Fundamental Value ETF (ECML), Hoya Capital Housing ETF (HOMZ) and Invesco MSCI Sustainable Future ETF (PZD).

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).

Meritage Homes' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.59%), Security National Bank (0.16%), Leibman Financial Services Inc. (0.05%), Wealth Enhancement Advisory Services LLC (0.03%), Occidental Asset Management LLC (0.03%) and Los Angeles Capital Management LLC (0.03%). 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.
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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.
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