Meritage Homes (MTH) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTH shares.
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8 equities research analysts have issued 12 month target prices for Meritage Homes' shares. Their MTH share price forecasts range from $65.00 to $132.00. On average, they anticipate the company's stock price to reach $115.14 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for MTH or view top-rated stocks among Wall Street analysts.

Meritage Homes' stock was trading at $92.20 at the beginning of 2023. Since then, MTH shares have increased by 27.0% and is now trading at $117.05.
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Meritage Homes saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,290,000 shares, an increase of 49.2% from the April 30th total of 864,400 shares. Based on an average daily volume of 453,800 shares, the short-interest ratio is presently 2.8 days. Currently, 3.6% of the shares of the stock are short sold.
View Meritage Homes' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our MTH earnings forecast.

Meritage Homes Co. (NYSE:MTH) released its quarterly earnings data on Wednesday, April, 26th. The construction company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.51 by $1.03. The construction company earned $1.28 billion during the quarter, compared to analyst estimates of $1.03 billion. Meritage Homes had a net margin of 14.44% and a trailing twelve-month return on equity of 23.99%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.79 EPS.

Meritage Homes declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.27 per share on Friday, June 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MTH.

ETFs with the largest weight of Meritage Homes (NYSE:MTH) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Innovator IBD 50 ETF (FFTY), Invesco Dynamic Building & Construction ETF (PKB), iShares U.S. Home Construction ETF (ITB), Hoya Capital Housing ETF (HOMZ), Pacer US Small Cap Cash Cows 100 ETF (CALF), Cambria Value and Momentum ETF (VAMO) and Invesco MSCI Green Building ETF (GBLD).

Meritage Homes (NYSE:MTH) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.92%. The dividend payout ratio is 4.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 6.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTH.

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).

Meritage Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."

Meritage Homes' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.10%), Dimensional Fund Advisors LP (4.64%), State Street Corp (3.90%), Fisher Asset Management LLC (3.00%), Macquarie Group Ltd. (2.26%) and Greenhaven Associates Inc. (2.20%). Insiders that own company stock include Alison Sasser, C Timothy White, Clinton Szubinski, Dana Bradford, Gerald W Haddock, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, Steven J Hilton and Steven J Hilton.
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Shares of MTH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTH stock can currently be purchased for approximately $117.05.

Meritage Homes (NYSE:MTH) has a market capitalization of $4.28 billion and generates $6.27 billion in revenue each year. The construction company earns $992.19 million in net income (profit) each year or $24.50 on an earnings per share basis.

The company employs 1,773 workers across the globe.

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The official website for the company is www.meritagehomes.com. The construction company can be reached via phone at (480) 515-8100, via email at investors@meritagehomes.com, or via fax at 480-998-9162.