Recent Research Analysts’ Ratings Changes for Meritage Homes (MTH)

A number of research firms have changed their ratings and price targets for Meritage Homes (NYSE: MTH):

• 1/14/2025 – Meritage Homes had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $117.50 to $100.00. They now have a “buy” rating on the stock.
• 1/11/2025 – Meritage Homes was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/8/2025 – Meritage Homes had its price target lowered by analysts at UBS Group AG from $126.00 to $118.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Meritage Homes had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $103.00 price target on the stock, down previously from $205.00.
• 1/3/2025 – Meritage Homes was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/13/2024 – Meritage Homes was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/13/2024 – Meritage Homes had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $98.50 price target on the stock, down previously from $110.00.

Meritage Homes Trading Down 1.4 %

NYSE MTH traded down $1.17 on Friday, hitting $80.99. 466,153 shares of the stock were exchanged, compared to its average volume of 891,199. The company’s 50-day moving average price is $86.88 and its two-hundred day moving average price is $92.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75. Meritage Homes Co. has a 52-week low of $73.05 and a 52-week high of $106.99. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 7.33 and a beta of 1.87.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.15. Meritage Homes had a net margin of 12.63% and a return on equity of 16.89%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $2.99 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Meritage Homes Co. will post 11.57 EPS for the current year.

Meritage Homes Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Tuesday, December 17th. Meritage Homes’s dividend payout ratio is 13.58%.

Institutional Trading of Meritage Homes

Institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC lifted its position in shares of Meritage Homes by 65.7% in the 3rd quarter. Intech Investment Management LLC now owns 17,259 shares of the construction company’s stock worth $3,539,000 after acquiring an additional 6,843 shares during the period. Algert Global LLC increased its holdings in Meritage Homes by 49.4% in the 2nd quarter. Algert Global LLC now owns 33,489 shares of the construction company’s stock valued at $5,420,000 after buying an additional 11,072 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Meritage Homes by 32.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 47,546 shares of the construction company’s stock valued at $9,750,000 after buying an additional 11,558 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Meritage Homes by 47.3% during the 3rd quarter. SG Americas Securities LLC now owns 1,364 shares of the construction company’s stock worth $280,000 after acquiring an additional 438 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Meritage Homes by 125.2% during the 3rd quarter. Signaturefd LLC now owns 509 shares of the construction company’s stock valued at $104,000 after acquiring an additional 283 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.