Meritage Homes Corporation (NYSE:MTH – Free Report) – Research analysts at Melius Research reduced their FY2026 EPS estimates for shares of Meritage Homes in a report issued on Monday, November 2nd. Melius Research analyst M. Rehaut now forecasts that the construction company will earn $4.11 per share for the year, down from their prior estimate of $4.58. Melius Research has a “Sell” rating and a $59.00 price target on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Melius Research also issued estimates for Meritage Homes’ Q4 2026 earnings at $0.79 EPS, FY2027 earnings at $2.94 EPS and FY2028 earnings at $3.71 EPS.
A number of other equities research analysts also recently weighed in on MTH. Evercore set a $65.00 price objective on shares of Meritage Homes in a research report on Friday, September 25th. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Weiss Ratings cut Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Zacks Research cut shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group set a $82.00 price objective on Meritage Homes and gave the company a “buy” rating in a research report on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and an average target price of $72.44.
Check Out Our Latest Analysis on MTH
Meritage Homes Price Performance
Shares of MTH stock opened at $73.40 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.97. The firm has a market cap of $4.73 billion, a P/E ratio of 16.57, a P/E/G ratio of 5.09 and a beta of 1.31. Meritage Homes has a 1-year low of $56.66 and a 1-year high of $85.38. The firm has a fifty day moving average of $64.12 and a two-hundred day moving average of $68.90.
Meritage Homes (NYSE:MTH – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). Meritage Homes had a return on equity of 6.69% and a net margin of 5.79%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $1.39 earnings per share. The business’s revenue was down 17.5% on a year-over-year basis.
Meritage Homes Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Meritage Homes’s dividend payout ratio (DPR) is 43.34%.
Hedge Funds Weigh In On Meritage Homes
Several institutional investors and hedge funds have recently modified their holdings of the stock. Essential Partners LLC raised its stake in shares of Meritage Homes by 163.8% in the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Meritage Homes by 88.0% during the 3rd quarter. Parallel Advisors LLC now owns 487 shares of the construction company’s stock worth $31,000 after acquiring an additional 228 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Meritage Homes by 106.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 573 shares of the construction company’s stock valued at $36,000 after acquiring an additional 296 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Meritage Homes by 767.6% during the 2nd quarter. IFP Advisors Inc now owns 616 shares of the construction company’s stock valued at $52,000 after acquiring an additional 545 shares in the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Meritage Homes during the 3rd quarter valued at about $39,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Meritage Homes
Here are the key news stories impacting Meritage Homes this week:
- Neutral Sentiment: Citizens JMP and Keefe, Bruyette & Woods issued forecasts extending into 2028. Although their FY2028 estimates of $5.40 and $5.58 per share, respectively, are above the current-year consensus of $4.86, both firms also lowered earlier projections for several periods. Meritage Homes analyst estimates
- Negative Sentiment: Multiple analysts cut estimates for upcoming quarters and fiscal years. Citizens JMP reduced its FY2027 forecast from $5.50 to $4.25 per share and its Q4 2026 estimate from $1.62 to $0.70. Keefe, Bruyette & Woods lowered its FY2027 estimate from $5.95 to $4.59, while Wolfe Research cut its FY2027 forecast from $5.86 to $4.48. Analyst estimate reductions
- Negative Sentiment: Melius Research made especially steep reductions: its FY2027 EPS forecast fell from $4.69 to $2.94, and its FY2028 forecast from $5.91 to $3.71. The firm maintains a Sell rating and a $59 price target, adding to the bearish signal. Melius Research forecast cuts and rating
About Meritage Homes
Meritage Homes Corporation is a residential construction company that designs and builds single-family homes in the United States. The company primarily serves entry-level and first-time homebuyers, offering homes in a range of floor plans and communities designed around affordability, energy efficiency and modern features.
Meritage Homes sells homes through its own communities and provides related services, including land acquisition and development, home design, construction, sales and customer support.
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