Meritage Homes (MTH) Stock Price, News & Analysis

6 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, 2 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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6 equities research analysts have issued 12 month price targets for Meritage Homes' stock. Their MTH share price targets range from $148.00 to $188.00. On average, they anticipate the company's share price to reach $172.67 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
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Meritage Homes' stock was trading at $174.20 on January 1st, 2024. Since then, MTH stock has increased by 1.6% and is now trading at $177.04.
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Meritage Homes saw a decrease in short interest in April. As of April 15th, there was short interest totaling 652,900 shares, a decrease of 21.1% from the March 31st total of 827,900 shares. Based on an average daily trading volume, of 433,700 shares, the short-interest ratio is presently 1.5 days. Currently, 1.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MTH earnings forecast.

Meritage Homes Co. (NYSE:MTH) issued its quarterly earnings data on Wednesday, April, 24th. The construction company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $3.54 by $1.52. The construction company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.28 billion. Meritage Homes had a trailing twelve-month return on equity of 17.63% and a net margin of 12.54%.

Meritage Homes declared a quarterly dividend on Thursday, February 22nd. Stockholders 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 1.69%. The ex-dividend date is Thursday, March 14th. This is an increase 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 1.73%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 14.27% 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), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Invesco MSCI Green Building ETF (GBLD), Invesco S&P SmallCap Momentum ETF (XSMO), iShares U.S. Home Construction ETF (ITB), Goldman Sachs Small Cap Core Equity ETF (GSC), Global X Green Building ETF (GRNR) and Invesco MSCI Sustainable Future ETF (PZD).

Meritage Homes issued an update on its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of 19.200-20.700 for the period, compared to the consensus earnings per share estimate of 17.690. The company issued revenue guidance of -.

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 institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (0.70%), Artemis Investment Management LLP (0.59%), Security National Bank (0.16%), New York State Teachers Retirement System (0.14%), BNP Paribas Financial Markets (0.13%) and Allspring Global Investments Holdings LLC (0.13%). 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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