Meritage Homes Corporation (NYSE:MTH) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Meritage Homes Corporation (NYSE:MTH) have earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $84.5714.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen cut Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Evercore ISI set a $77.00 price objective on Meritage Homes and gave the company an “in-line” rating in a research report on Thursday, December 4th. UBS Group set a $101.00 target price on Meritage Homes and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a report on Monday, December 22nd.

Meritage Homes Stock Down 0.6%

NYSE:MTH opened at $66.42 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95. Meritage Homes has a 1-year low of $59.27 and a 1-year high of $84.74. The company has a 50-day moving average of $69.12 and a 200 day moving average of $71.29. The firm has a market cap of $4.68 billion, a PE ratio of 6.75 and a beta of 1.44.

Meritage Homes (NYSE:MTH) last posted 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 net margin of 8.96% and a return on equity of 10.37%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $5.34 EPS. The company’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. As a group, research analysts anticipate that Meritage Homes will post 9.44 EPS for the current fiscal year.

Meritage Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, December 17th. Meritage Homes’s payout ratio is 17.48%.

Institutional Investors Weigh In On Meritage Homes

Several institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Meritage Homes by 265.5% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock worth $29,000 after purchasing an additional 292 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Meritage Homes in the second quarter valued at about $33,000. Signaturefd LLC raised its stake in Meritage Homes by 54.9% in the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after buying an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Meritage Homes by 194.9% in the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after acquiring an additional 462 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Meritage Homes by 23.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock worth $104,000 after acquiring an additional 268 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

About Meritage Homes

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.