Meritage Homes Q2 EPS Estimate Decreased by Wolfe Research

Meritage Homes Corporation (NYSE:MTH) – Equities researchers at Wolfe Research reduced their Q2 2026 earnings estimates for shares of Meritage Homes in a research note issued on Thursday, April 9th. Wolfe Research analyst T. Allinson now expects that the construction company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.96. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Wolfe Research also issued estimates for Meritage Homes’ Q3 2026 earnings at $2.03 EPS and Q4 2026 earnings at $0.97 EPS.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods cut their target price on shares of Meritage Homes from $78.00 to $76.00 and set a “market perform” rating for the company in a report on Tuesday, February 3rd. Bank of America reaffirmed a “neutral” rating and set a $82.00 target price (up from $75.00) on shares of Meritage Homes in a report on Friday, January 16th. Wall Street Zen lowered shares of Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group set a $95.00 target price on shares of Meritage Homes in a report on Friday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Meritage Homes in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

Meritage Homes Price Performance

NYSE:MTH opened at $66.61 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.50. The company has a 50 day moving average price of $68.92 and a 200-day moving average price of $69.65. Meritage Homes has a 1-year low of $58.03 and a 1-year high of $84.74.

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

Meritage Homes Increases Dividend

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

Insider Transactions at Meritage Homes

In other news, CEO Phillippe Lord sold 32,820 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $76.49, for a total transaction of $2,510,401.80. Following the completion of the sale, the chief executive officer owned 260,389 shares of the company’s stock, valued at $19,917,154.61. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Javier Feliciano sold 3,580 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $76.24, for a total transaction of $272,939.20. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,622 shares of company stock valued at $3,640,273 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Meritage Homes by 63.9% during the 4th quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Meritage Homes by 1.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 10,627 shares of the construction company’s stock valued at $699,000 after acquiring an additional 158 shares during the last quarter. Archer Investment Corp boosted its position in shares of Meritage Homes by 11.4% during the 3rd quarter. Archer Investment Corp now owns 1,559 shares of the construction company’s stock valued at $113,000 after acquiring an additional 159 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Meritage Homes by 1.2% during the 4th quarter. ProShare Advisors LLC now owns 13,559 shares of the construction company’s stock valued at $892,000 after acquiring an additional 164 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Meritage Homes by 25.7% during the 4th quarter. Signaturefd LLC now owns 808 shares of the construction company’s stock valued at $53,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.