Meritage Homes (NYSE:MTH) Hits New 12-Month High – What’s Next?

Posted by Brenda Bartman on Jun 26th, 2026

Shares of Meritage Homes Corporation (NYSE:MTH – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $84.83 and last traded at $84.51, with a volume of 182009 shares trading hands. The stock had previously closed at $83.34.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Meritage Homes from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Truist Financial set a $80.00 target price on shares of Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group set a $86.00 target price on shares of Meritage Homes and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.89.

Read Our Latest Stock Analysis on Meritage Homes

Meritage Homes Trading Up 0.9%

The business has a 50 day simple moving average of $68.23 and a 200-day simple moving average of $69.13. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 3.67 and a beta of 1.39.

Meritage Homes (NYSE:MTH – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.55 billion. Meritage Homes had a net margin of 6.86% and a return on equity of 8.08%. The company’s revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.69 EPS. On average, equities analysts predict that Meritage Homes Corporation will post 4.97 earnings per share for the current year.

Meritage Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.92 annualized dividend and a yield of 2.3%. Meritage Homes’s dividend payout ratio is 35.23%.

Insiders Place Their Bets

In other Meritage Homes news, CAO Alison Sasser sold 1,273 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.11, for a total transaction of $79,066.03. Following the transaction, the chief accounting officer owned 7,634 shares of the company’s stock, valued at $474,147.74. This trade represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Meritage Homes

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC raised its position in shares of Meritage Homes by 63.9% in the 4th quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock worth $25,000 after buying an additional 145 shares during the period. New Age Alpha Advisors LLC increased its stake in Meritage Homes by 1.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 10,627 shares of the construction company’s stock worth $699,000 after acquiring an additional 158 shares during the last quarter. ProShare Advisors LLC increased its stake in Meritage Homes by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 13,559 shares of the construction company’s stock worth $892,000 after acquiring an additional 164 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Meritage Homes by 25.7% in the 4th quarter. Signaturefd LLC now owns 808 shares of the construction company’s stock valued at $53,000 after purchasing an additional 165 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Meritage Homes by 2.0% during the 1st quarter. Glenmede Trust Co. NA now owns 9,223 shares of the construction company’s stock worth $570,000 after purchasing an additional 179 shares during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

About Meritage Homes

(Get Free Report)

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.