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NYSE:MTH

Meritage Homes (MTH) Stock Price, News & Analysis

$157.70
-0.80 (-0.50%)
(As of 11:15 AM ET)
Today's Range
$157.00
$158.85
50-Day Range
$150.45
$175.50
52-Week Range
$109.23
$179.68
Volume
31,003 shs
Average Volume
407,573 shs
Market Capitalization
$5.73 billion
P/E Ratio
7.92
Dividend Yield
1.90%
Price Target
$172.67

Meritage Homes MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
9.8% Upside
$172.67 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Meritage Homes in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$635,171 Sold Last Quarter
Proj. Earnings Growth
11.26%
From $17.76 to $19.76 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.

3.09 out of 5 stars

Construction Sector

187th out of 303 stocks

Operative Builders Industry

25th out of 54 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

Automatic Income (from home)
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
Meritage Homes (NYSE:MTH) Lowered to Underperform at Wedbush
20 US Cities with the Most Million-Dollar Homes
Automatic Income (from home)
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
MTH Apr 2024 170.000 call
MTH Apr 2024 160.000 put
MTH Dec 2024 130.000 call
Looking Into Meritage Homes's Recent Short Interest
MTH Mar 2024 250.000 call
Home builder sentiment climbs for third straight month
Beazer Homes (BZH) Q1 Earnings & Revenues Miss, Orders Up
Q4 2023 Meritage Homes Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/12/2024
Next Earnings (Confirmed)
4/24/2024
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
$172.67
High Stock Price Target
$188.00
Low Stock Price Target
$148.00
Potential Upside/Downside
+8.9%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$738.75 million
Pretax Margin
15.47%

Debt

Sales & Book Value

Annual Sales
$6.14 billion
Cash Flow
$21.28 per share
Book Value
$126.53 per share

Miscellaneous

Free Float
35,593,000
Market Cap
$5.76 billion
Optionable
Optionable
Beta
1.77
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MTH Stock Analysis - Frequently Asked Questions

Should I buy or sell Meritage Homes stock right now?

7 Wall Street 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 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 analysts have issued 12 month price objectives for Meritage Homes' shares. Their MTH share price targets range from $148.00 to $188.00. On average, they anticipate the company's share price to reach $172.67 in the next year. This suggests a possible upside of 9.8% 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 the year. Since then, MTH stock has decreased by 9.7% and is now trading at $157.25.
View the best growth stocks for 2024 here
.

Are investors shorting Meritage Homes?

Meritage Homes saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 827,900 shares, a drop of 24.7% from the March 15th total of 1,100,000 shares. Based on an average daily volume of 418,700 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% of the company's stock 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 Wednesday, April 24th 2024.
View our MTH earnings forecast
.

How can I listen to Meritage Homes' earnings call?

Meritage Homes will be holding an earnings conference call on Thursday, April 25th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Meritage Homes' earnings last quarter?

Meritage Homes Co. (NYSE:MTH) posted its earnings results on Wednesday, January, 31st. The construction company reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.20. The construction company earned $1.65 billion during the quarter, compared to the consensus estimate of $1.52 billion. Meritage Homes had a trailing twelve-month return on equity of 17.03% and a net margin of 12.03%.

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

Meritage Homes announced a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 15th will be given a dividend of $0.75 per share on Friday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.27.
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 1.92%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 15.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTH.

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 a variety of retail and institutional investors. Top institutional investors include Leibman Financial Services Inc. (0.05%), Los Angeles Capital Management LLC (0.03%), Radnor Capital Management LLC (0.01%), Park Avenue Securities LLC (0.00%), GAMMA Investing LLC (0.00%) and Salem Investment Counselors Inc. (0.00%). Insiders that own company stock include Alison Sasser, C Timothy White, Clinton Szubinski, Gerald W Haddock, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, 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 4/12/2024 by MarketBeat.com Staff

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