FY2026 EPS Estimates for Meritage Homes Decreased by Wedbush

Meritage Homes Corporation (NYSE:MTH) – Wedbush decreased their FY2026 earnings per share (EPS) estimates for Meritage Homes in a report released on Wednesday, October 29th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $6.50 per share for the year, down from their previous forecast of $6.84. Wedbush currently has a “Neutral” rating and a $90.00 target price on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Wedbush also issued estimates for Meritage Homes’ Q4 2026 earnings at $1.88 EPS, Q3 2027 earnings at $1.82 EPS and FY2027 earnings at $6.92 EPS.

A number of other research firms also recently commented on MTH. Weiss Ratings reissued a “hold (c+)” rating on shares of Meritage Homes in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Meritage Homes from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Evercore ISI reduced their target price on Meritage Homes from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday. UBS Group set a $101.00 target price on Meritage Homes and gave the company a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reduced their target price on Meritage Homes from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Meritage Homes currently has an average rating of “Hold” and an average price target of $83.43.

Meritage Homes Price Performance

Meritage Homes stock opened at $67.60 on Friday. Meritage Homes has a 12 month low of $59.27 and a 12 month high of $98.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 2.16. The business has a 50 day simple moving average of $73.70 and a 200-day simple moving average of $70.54. The stock has a market capitalization of $4.81 billion, a PE ratio of 6.87 and a beta of 1.42.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $5.34 EPS. Meritage Homes’s revenue for the quarter was down 11.8% compared to the same quarter last year. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTH. GAMMA Investing LLC increased its position in shares of Meritage Homes by 182.1% in the first quarter. GAMMA Investing LLC now owns 2,880 shares of the construction company’s stock valued at $204,000 after buying an additional 1,859 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Meritage Homes by 151.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,202 shares of the construction company’s stock valued at $440,000 after buying an additional 3,731 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Meritage Homes by 136.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,901 shares of the construction company’s stock worth $277,000 after purchasing an additional 2,248 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Meritage Homes by 128.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 57,922 shares of the construction company’s stock worth $4,117,000 after purchasing an additional 32,553 shares in the last quarter. Finally, KBC Group NV increased its position in Meritage Homes by 94.8% during the 1st quarter. KBC Group NV now owns 3,266 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,589 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling at Meritage Homes

In other news, CEO Phillippe Lord sold 6,950 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.01, for a total value of $556,069.50. Following the completion of the transaction, the chief executive officer owned 221,320 shares in the company, valued at $17,707,813.20. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Meritage Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.43 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.5%. Meritage Homes’s dividend payout ratio (DPR) is currently 17.48%.

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.