UBS Group Cuts Meritage Homes (NYSE:MTH) Price Target to $101.00

Meritage Homes (NYSE:MTH) had its price objective dropped by equities research analysts at UBS Group from $104.00 to $101.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective would indicate a potential upside of 40.26% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Citigroup assumed coverage on Meritage Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Citizens Jmp initiated coverage on Meritage Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $90.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $90.00 price target on shares of Meritage Homes in a research note on Tuesday, January 13th. Bank of America reiterated a “neutral” rating and issued a $82.00 price objective (up previously from $75.00) on shares of Meritage Homes in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.25.

Meritage Homes Trading Down 3.4%

Meritage Homes stock traded down $2.54 during mid-day trading on Friday, reaching $72.01. 647,222 shares of the company traded hands, compared to its average volume of 955,911. 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 52-week low of $59.27 and a 52-week high of $84.74. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.30 and a beta of 1.48. The firm’s 50 day moving average price is $70.46 and its 200 day moving average price is $71.90.

Meritage Homes (NYSE:MTH) last announced its earnings results on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Meritage Homes had a net margin of 8.96% and a return on equity of 10.37%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $5.34 EPS. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. On average, analysts anticipate that Meritage Homes will post 9.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Meritage Homes

Several institutional investors and hedge funds have recently made changes to their positions in MTH. Larson Financial Group LLC raised its holdings in 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 acquiring an additional 292 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Meritage Homes in the 2nd quarter worth $33,000. Brown Lisle Cummings Inc. purchased a new position in shares of Meritage Homes in the fourth quarter worth $39,000. Signaturefd LLC raised its stake in shares of Meritage Homes by 54.9% in the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after purchasing an additional 219 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Meritage Homes by 194.9% during the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

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.