Meritage Homes Co. (NYSE:MTH – Free Report) – Stock analysts at Wedbush issued their Q2 2026 earnings per share (EPS) estimates for Meritage Homes in a note issued to investors on Tuesday, October 15th. Wedbush analyst J. Mccanless forecasts that the construction company will post earnings of $6.26 per share for the quarter. Wedbush has a “Neutral” rating and a $195.00 price target on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $21.09 per share.
A number of other research firms have also recently issued reports on MTH. Evercore ISI lifted their target price on Meritage Homes from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Raymond James upped their price objective on shares of Meritage Homes from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wolfe Research upgraded shares of Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research report on Wednesday, August 14th. The Goldman Sachs Group increased their price target on Meritage Homes from $173.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, StockNews.com downgraded Meritage Homes from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $213.83.
Meritage Homes Trading Down 0.7 %
Shares of MTH stock opened at $201.92 on Thursday. Meritage Homes has a fifty-two week low of $109.23 and a fifty-two week high of $213.98. The stock’s fifty day moving average price is $195.80 and its two-hundred day moving average price is $180.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $7.33 billion, a PE ratio of 9.42 and a beta of 1.80.
Meritage Homes (NYSE:MTH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $1.14. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.57 billion. Meritage Homes had a net margin of 12.98% and a return on equity of 17.99%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.02 EPS.
Meritage Homes Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, September 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.49%. Meritage Homes’s payout ratio is currently 13.99%.
Insiders Place Their Bets
In related news, CFO Hilla Sferruzza sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $205.00, for a total transaction of $512,500.00. Following the sale, the chief financial officer now owns 44,570 shares in the company, valued at $9,136,850. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Hilla Sferruzza sold 2,500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total transaction of $512,500.00. Following the transaction, the chief financial officer now owns 44,570 shares of the company’s stock, valued at $9,136,850. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Javier Feliciano sold 3,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $198.36, for a total transaction of $595,080.00. Following the sale, the executive vice president now owns 14,307 shares of the company’s stock, valued at $2,837,936.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $3,111,080. Company insiders own 2.00% of the company’s stock.
Institutional Trading of Meritage Homes
Several hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Meritage Homes during the 3rd quarter worth approximately $28,000. Headlands Technologies LLC increased its holdings in Meritage Homes by 1,033.3% in the 2nd quarter. Headlands Technologies LLC now owns 272 shares of the construction company’s stock worth $44,000 after acquiring an additional 248 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Meritage Homes in the 2nd quarter valued at about $61,000. Picton Mahoney Asset Management purchased a new stake in Meritage Homes during the second quarter valued at about $64,000. Finally, CWM LLC boosted its position in Meritage Homes by 15.5% during the third quarter. CWM LLC now owns 433 shares of the construction company’s stock worth $89,000 after purchasing an additional 58 shares during the period. Institutional investors own 98.44% of the company’s stock.
Meritage Homes Company Profile
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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