Wolfe Research Forecasts Reduced Earnings for Meritage Homes

Meritage Homes Corporation (NYSE:MTH - Free Report) - Wolfe Research lowered their Q4 2026 earnings estimates for Meritage Homes in a note issued to investors on Tuesday, October 6th. Wolfe Research analyst T. Allinson now forecasts that the construction company will earn $1.33 per share for the quarter, down from their prior estimate of $1.53. The consensus estimate for Meritage Homes' current full-year earnings is $4.94 per share.

Several other brokerages have also recently weighed in on MTH. Evercore set a $65.00 target price on Meritage Homes in a report on Friday, September 25th. Zacks Research downgraded Meritage Homes from a "hold" rating to a "strong sell" rating in a report on Thursday, October 8th. The Goldman Sachs Group set a $82.00 price target on shares of Meritage Homes and gave the stock a "buy" rating in a research report on Monday. Zelman & Associates downgraded shares of Meritage Homes from an "outperform" rating to a "neutral" rating in a research note on Tuesday, July 7th. Finally, Truist Financial set a $72.00 price objective on shares of Meritage Homes and gave the company a "hold" rating in a report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $73.56.

Meritage Homes Stock Up 0.7%

Shares of NYSE:MTH opened at $58.23 on Wednesday. The business's 50 day moving average is $67.11 and its 200 day moving average is $68.82. The stock has a market cap of $3.79 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 4.33 and a beta of 1.33. Meritage Homes has a 52-week low of $57.63 and a 52-week high of $85.38. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Meritage Homes (NYSE:MTH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The firm's revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 EPS.

Meritage Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given 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 yield of 3.3%. Meritage Homes's dividend payout ratio (DPR) is presently 40.17%.

Hedge Funds Weigh In On Meritage Homes

A number of large investors have recently added to or reduced their stakes in MTH. GAMMA Investing LLC lifted its position in shares of Meritage Homes by 7.4% during the third quarter. GAMMA Investing LLC now owns 5,764 shares of the construction company's stock valued at $362,000 after buying an additional 399 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of Meritage Homes by 21.6% during the 3rd quarter. Congress Asset Management Co. now owns 38,296 shares of the construction company's stock worth $2,407,000 after acquiring an additional 6,793 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Meritage Homes by 36.8% during the 3rd quarter. Versant Capital Management Inc now owns 1,848 shares of the construction company's stock worth $116,000 after acquiring an additional 497 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Meritage Homes by 6.3% during the 2nd quarter. QRG Capital Management Inc. now owns 9,377 shares of the construction company's stock worth $786,000 after acquiring an additional 559 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Meritage Homes by 7.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,279 shares of the construction company's stock valued at $694,000 after acquiring an additional 564 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Meritage Homes Company Profile

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 move-up buyers, offering homes in a range of floor plans, sizes and price points. Its communities typically feature energy-efficient designs and include standard features intended to improve home performance, comfort and affordability.

Meritage Homes develops communities in selected markets across the South, Southeast and West, including areas of Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee and Texas.

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