Meritage Homes (NYSE:MTH) Receives “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of Meritage Homes (NYSE:MTH) in a report released on Tuesday,RTT News reports. Wedbush currently has a $103.00 price target on the construction company’s stock. Wedbush also issued estimates for Meritage Homes’ Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $2.05 EPS, Q3 2025 earnings at $2.56 EPS, Q4 2025 earnings at $3.21 EPS, FY2025 earnings at $9.56 EPS, Q1 2026 earnings at $1.84 EPS, Q2 2026 earnings at $2.30 EPS, Q3 2026 earnings at $2.70 EPS, Q4 2026 earnings at $3.76 EPS and FY2026 earnings at $10.60 EPS.

A number of other equities research analysts have also weighed in on MTH. StockNews.com lowered Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, January 11th. The Goldman Sachs Group dropped their price objective on Meritage Homes from $117.50 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. UBS Group decreased their target price on shares of Meritage Homes from $126.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Raymond James cut shares of Meritage Homes from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Meritage Homes from $105.00 to $99.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Meritage Homes currently has an average rating of “Hold” and a consensus price target of $106.25.

Meritage Homes Stock Down 0.9 %

Shares of NYSE MTH opened at $76.45 on Tuesday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 5.85 and a beta of 1.88. Meritage Homes has a one year low of $73.05 and a one year high of $106.99. The firm’s 50 day simple moving average is $84.25 and its two-hundred day simple moving average is $91.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.75.

Meritage Homes (NYSE:MTH) last released its earnings results on Wednesday, January 29th. The construction company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.55 by $0.17. Meritage Homes had a net margin of 12.29% and a return on equity of 15.90%. As a group, analysts expect that Meritage Homes will post 10.52 EPS for the current fiscal year.

Meritage Homes Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.375 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.50 annualized dividend and a dividend yield of 1.96%. Meritage Homes’s dividend payout ratio is 11.48%.

Hedge Funds Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in Meritage Homes during the 3rd quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in shares of Meritage Homes by 545.5% in the 4th quarter. Allworth Financial LP now owns 213 shares of the construction company’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Assetmark Inc. boosted its position in shares of Meritage Homes by 53.6% during the third quarter. Assetmark Inc. now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 60 shares in the last quarter. CWM LLC grew its stake in Meritage Homes by 15.5% in the third quarter. CWM LLC now owns 433 shares of the construction company’s stock worth $89,000 after purchasing an additional 58 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in Meritage Homes in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Meritage Homes Company Profile

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.