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NYSE:MTH

Meritage Homes (MTH) Stock Price, News & Analysis

$172.68
-1.90 (-1.09%)
(As of 05/23/2024 ET)
Today's Range
$171.20
$176.15
50-Day Range
$150.00
$188.30
52-Week Range
$109.23
$189.96
Volume
260,541 shs
Average Volume
409,088 shs
Market Capitalization
$6.27 billion
P/E Ratio
8.05
Dividend Yield
1.74%
Price Target
$178.25

Meritage Homes MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
3.2% Upside
$178.25 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Meritage Homes in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$406,975 Sold Last Quarter
Proj. Earnings Growth
5.87%
From $20.27 to $21.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

Construction Sector

69th out of 97 stocks

Operative Builders Industry

10th out of 15 stocks

MTH stock logo

About Meritage Homes Stock (NYSE:MTH)

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. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

MTH Stock Price History

MTH Stock News Headlines

Meritage Homes (NYSE:MTH) Earns Underperform Rating from Wedbush
Meritage Homes Announces Quarterly Cash Dividend
Judge sides with homebuilder in Cibolo sewage case
Meritage Homes Corp. Profit Rises In Q1, Beats estimates
Meritage Homes reports first quarter 2024 results
Meritage Homes Corp.
Here's what to expect from Meritage Homes's earnings
Meritage Homes Q1 2024 Earnings Preview
Meritage Homes Corporation (MTH)
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Last Earnings
4/24/2024
Today
5/24/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
59001A10
Employees
1,838
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$178.25
High Stock Price Target
$195.00
Low Stock Price Target
$148.00
Potential Upside/Downside
+3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$738.75 million
Pretax Margin
16.09%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$20.32 per share
Book Value
$129.98 per share

Miscellaneous

Free Float
35,593,000
Market Cap
$6.27 billion
Optionable
Optionable
Beta
1.75
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MTH Stock Analysis - Frequently Asked Questions

Should I buy or sell Meritage Homes stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTH, but not buy additional shares or sell existing shares.
View MTH analyst ratings
or view top-rated stocks.

What is Meritage Homes' stock price target for 2024?

7 equities research analysts have issued twelve-month target prices for Meritage Homes' stock. Their MTH share price targets range from $148.00 to $195.00. On average, they anticipate the company's stock price to reach $178.25 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for MTH
or view top-rated stocks among Wall Street analysts.

How have MTH shares performed in 2024?

Meritage Homes' stock was trading at $174.20 at the beginning of 2024. Since then, MTH shares have decreased by 0.9% and is now trading at $172.68.
View the best growth stocks for 2024 here
.

Are investors shorting Meritage Homes?

Meritage Homes saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 652,900 shares, a drop of 21.1% from the March 31st total of 827,900 shares. Based on an average daily trading volume, of 433,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.9% of the shares of the company are short sold.
View Meritage Homes' Short Interest
.

When is Meritage Homes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MTH earnings forecast
.

How were Meritage Homes' earnings last quarter?

Meritage Homes Co. (NYSE:MTH) issued its quarterly earnings results on Wednesday, April, 24th. The construction company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $1.52. The construction company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.28 billion. Meritage Homes had a trailing twelve-month return on equity of 17.63% and a net margin of 12.54%.

How often does Meritage Homes pay dividends? What is the dividend yield for Meritage Homes?

Meritage Homes declared a quarterly dividend on Thursday, May 16th. Shareholders of record on Friday, June 14th will be given a dividend of $0.75 per share on Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for MTH
.

Is Meritage Homes a good dividend stock?

Meritage Homes (NYSE:MTH) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.64%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 13.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTH.

What guidance has Meritage Homes issued on next quarter's earnings?

Meritage Homes updated its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 19.200-20.700 for the period, compared to the consensus estimate of 17.690. The company issued revenue guidance of -.

What other stocks do shareholders of Meritage Homes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include D.R. Horton (DHI), Verizon Communications (VZ), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Salesforce (CRM), Walt Disney (DIS) and AT&T (T).

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.27%), Earnest Partners LLC (1.93%), Westfield Capital Management Co. LP (1.35%), Principal Financial Group Inc. (0.70%), LSV Asset Management (0.60%) and Artemis Investment Management LLP (0.59%). Insiders that own company stock include Alison Sasser, C Timothy White, Clinton Szubinski, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord, Raymond Oppel and Steven J Hilton.
View institutional ownership trends
.

How do I buy shares of Meritage Homes?

Shares of MTH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTH) was last updated on 5/24/2024 by MarketBeat.com Staff

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