Meritage Homes Q1 EPS Estimate Increased by Zacks Research

Meritage Homes Corporation (NYSE:MTH) – Stock analysts at Zacks Research upped their Q1 2028 earnings per share (EPS) estimates for Meritage Homes in a research report issued on Monday, April 13th. Zacks Research analyst Team now expects that the construction company will post earnings of $1.52 per share for the quarter, up from their previous estimate of $1.42. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Zacks Research also issued estimates for Meritage Homes’ FY2028 earnings at $8.15 EPS.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.55 by $0.12. Meritage Homes had a return on equity of 9.28% and a net margin of 7.73%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $4.72 earnings per share. Meritage Homes’s revenue was down 11.9% on a year-over-year basis.

Several other research analysts have also commented on MTH. Citizens Jmp started coverage on Meritage Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $90.00 price objective for the company. Bank of America restated a “neutral” rating and issued a $82.00 target price (up from $75.00) on shares of Meritage Homes in a research report on Friday, January 16th. Keefe, Bruyette & Woods dropped their target price on Meritage Homes from $78.00 to $76.00 and set a “market perform” rating for the company in a research report on Tuesday, February 3rd. UBS Group set a $95.00 target price on Meritage Homes in a research report on Friday, January 30th. Finally, Citigroup started coverage on Meritage Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Meritage Homes presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

Meritage Homes Stock Up 0.3%

Shares of NYSE MTH opened at $66.61 on Tuesday. Meritage Homes has a 12 month low of $58.03 and a 12 month high of $84.74. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.19 and a beta of 1.50. The business has a 50-day moving average of $68.92 and a 200-day moving average of $69.65.

Meritage Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Meritage Homes’s previous quarterly dividend of $0.43. Meritage Homes’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In other Meritage Homes news, CEO Phillippe Lord sold 32,820 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $76.49, for a total value of $2,510,401.80. Following the completion of the sale, the chief executive officer owned 260,389 shares in the company, valued at approximately $19,917,154.61. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Javier Feliciano sold 3,580 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $76.24, for a total value of $272,939.20. Following the completion of the sale, the executive vice president owned 44,935 shares of the company’s stock, valued at $3,425,844.40. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,622 shares of company stock worth $3,640,273 in the last quarter. 2.20% of the stock is owned by insiders.

Institutional Trading of Meritage Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Meritage Homes by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,901,851 shares of the construction company’s stock valued at $190,943,000 after purchasing an additional 16,338 shares during the last quarter. Capital World Investors lifted its position in Meritage Homes by 44.3% in the third quarter. Capital World Investors now owns 1,987,850 shares of the construction company’s stock valued at $143,980,000 after purchasing an additional 609,866 shares during the last quarter. Greenhaven Associates Inc. lifted its position in Meritage Homes by 0.9% in the fourth quarter. Greenhaven Associates Inc. now owns 1,465,340 shares of the construction company’s stock valued at $96,419,000 after purchasing an additional 12,386 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in Meritage Homes by 58.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after purchasing an additional 527,265 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Meritage Homes by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Company Profile

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.