NYSE:MTH Meritage Homes (MTH) Stock Forecast, Price & News $123.15 +5.02 (+4.25%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$119.07▼$123.9650-Day Range$113.56▼$128.0552-Week Range$62.51▼$130.68Volume390,665 shsAverage Volume371,670 shsMarket Capitalization$4.50 billionP/E Ratio5.03Dividend Yield0.88%Price Target$115.14 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Meritage Homes MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside6.5% Downside$115.14 Price TargetShort InterestHealthy3.60% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.68Based on 7 Articles This WeekInsider TradingSelling Shares$926,077 Sold Last QuarterProj. Earnings Growth7.73%From $15.53 to $16.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.00 out of 5 starsConstruction Sector64th out of 105 stocksOperative Builders Industry11th out of 17 stocks 1.3 Analyst's Opinion Consensus RatingMeritage Homes has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $115.14, Meritage Homes has a forecasted downside of 6.5% from its current price of $123.15.Amount of Analyst CoverageMeritage Homes has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.60% of the float of Meritage Homes has been sold short.Short Interest Ratio / Days to CoverMeritage Homes has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Meritage Homes has recently increased by 49.24%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldMeritage Homes has a dividend yield of 0.88%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthMeritage Homes does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Meritage Homes is 4.41%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Meritage Homes will have a dividend payout ratio of 6.46% next year. This indicates that Meritage Homes will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MTH. Previous Next 2.0 News and Social Media Coverage News SentimentMeritage Homes has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Meritage Homes this week, compared to 4 articles on an average week.Search InterestOnly 10 people have searched for MTH on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Meritage Homes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $926,077.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of Meritage Homes is held by insiders.Percentage Held by Institutions95.63% of the stock of Meritage Homes is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Meritage Homes are expected to grow by 7.73% in the coming year, from $15.53 to $16.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Meritage Homes is 5.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Meritage Homes is 5.03, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 12.13.Price to Book Value per Share RatioMeritage Homes has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Meritage Homes (NYSE:MTH) StockMeritage Homes Corp. engages in the design and construction of single family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.Read More Receive MTH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Meritage Homes and its competitors with MarketBeat's FREE daily newsletter. Email Address MTH Stock News HeadlinesJune 3, 2023 | americanbankingnews.comMeritage Homes (NYSE:MTH) Earns Buy Rating from Analysts at Deutsche Bank AktiengesellschaftJune 2, 2023 | msn.comDeutsche Bank Initiates Coverage of Meritage Homes (MTH) with Buy RecommendationJune 4, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 30, 2023 | americanbankingnews.comMeritage Homes Co. (NYSE:MTH) Receives $115.14 Consensus Target Price from AnalystsMay 28, 2023 | bizjournals.comCo-founder of one of nation's largest homebuilders sells Paradise Valley mansion for $12MMay 27, 2023 | americanbankingnews.comMeritage Homes (NYSE:MTH) Downgraded to "Hold" at StockNews.comMay 26, 2023 | finance.yahoo.comMeritage (MTH) Down 2.5% Since Last Earnings Report: Can It Rebound?May 24, 2023 | finance.yahoo.comMeritage Homes Continues Partnership with Operation Homefront To Build New Home for Military Family in South FloridaJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 24, 2023 | finance.yahoo.comMeritage Homes Continues Partnership with Operation Homefront To Build New Home for Military Family in South FloridaMay 21, 2023 | msn.comMeritage Homes (MTH) Declares $0.27 DividendMay 19, 2023 | msn.comMeritage Homes declares $0.27 dividendMay 18, 2023 | finance.yahoo.comMeritage Homes Announces Quarterly Cash DividendMay 18, 2023 | americanbankingnews.comMeritage Homes (NYSE:MTH) Stock Rating Upgraded by StockNews.comMay 16, 2023 | marketwatch.comTrading Meritage Homes $MTH With Integrated Risk ControlsMay 14, 2023 | finance.yahoo.comMeritage Homes Corporation's (NYSE:MTH) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?May 9, 2023 | finance.yahoo.comMeritage (MTH) Is Attractively Priced Despite Fast-paced MomentumMay 9, 2023 | msn.comMeritage Homes: Fairly Valued After The Strong RallyMay 8, 2023 | finance.yahoo.comBest Momentum Stocks to Buy for May 8thMay 4, 2023 | americanbankingnews.comMeritage Homes (NYSE:MTH) Earns "Market Perform" Rating from Keefe, Bruyette & WoodsMay 4, 2023 | americanbankingnews.comInsider Selling: Meritage Homes Co. (NYSE:MTH) CEO Sells $491,517.00 in StockMay 3, 2023 | finance.yahoo.comMDC's Q1 Earnings & Revenues Beat Estimates, Orders DeclineMay 3, 2023 | msn.comKeefe, Bruyette & Woods Maintains Meritage Homes (MTH) Market Perform RecommendationMay 3, 2023 | americanbankingnews.comMeritage Homes Co. (NYSE:MTH) Director Gerald W. Haddock Sells 2,000 SharesMay 3, 2023 | americanbankingnews.comAlison Sasser Sells 1,500 Shares of Meritage Homes Co. (NYSE:MTH) StockMay 3, 2023 | americanbankingnews.comMeritage Homes Co. (NYSE:MTH) Receives $115.14 Consensus Target Price from BrokeragesMay 2, 2023 | finance.yahoo.comMeritage Homes Honored With 2023 Hearthstone BUILDER Humanitarian AwardSee More Headlines MTH Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTH Company Calendar Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Last Earnings4/26/2023Today6/04/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Operative builders Sub-IndustryHomebuilding SectorConstruction Current SymbolNYSE:MTH CUSIP59001A10 CIK833079 Webwww.meritagehomes.com Phone(480) 515-8100Fax480-998-9162Employees1,773Year Founded2015Price Target and Rating Average Stock Price Forecast$115.14 High Stock Price Forecast$132.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside-6.5%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$24.50 Trailing P/E Ratio5.03 Forward P/E Ratio7.93 P/E GrowthN/ANet Income$992.19 million Net Margins14.44% Pretax Margin18.62% Return on Equity23.99% Return on Assets16.09% Debt Debt-to-Equity Ratio0.28 Current Ratio1.89 Quick Ratio1.89 Sales & Book Value Annual Sales$6.29 billion Price / Sales0.72 Cash Flow$28.98 per share Price / Cash Flow4.25 Book Value$111.21 per share Price / Book1.11Miscellaneous Outstanding Shares36,571,000Free Float35,840,000Market Cap$4.50 billion OptionableOptionable Beta1.59 Key ExecutivesPhillippe LordPresident, Chief Executive Officer & DirectorClinton SzubinskiChief Operating Officer & Executive Vice PresidentHilla SferruzzaChief Financial Officer & Executive Vice PresidentJavier FelicianoChief People Officer & Executive Vice PresidentMalissia R. ClintonSecretary, Executive VP & General CounselKey CompetitorsKB HomeNYSE:KBHM.D.C.NYSE:MDCTri Pointe HomesNYSE:TPHM/I HomesNYSE:MHOToll BrothersNYSE:TOLView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 2,083 shares on 6/1/2023Ownership: 0.006%ProShare Advisors LLCSold 466 shares on 5/26/2023Ownership: 0.014%Brandywine Global Investment Management LLCBought 11,214 shares on 5/25/2023Ownership: 0.266%Ameriprise Financial Inc.Sold 50,376 shares on 5/22/2023Ownership: 1.008%New York State Common Retirement FundBought 23,191 shares on 5/18/2023Ownership: 0.731%View All Insider TransactionsView All Institutional Transactions MTH Stock - Frequently Asked Questions Should I buy or sell Meritage Homes stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTH shares. View MTH analyst ratings or view top-rated stocks. What is Meritage Homes' stock price forecast for 2023? 9 Wall Street 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 expect the company's stock price to reach $115.14 in the next year. This suggests that the stock has a possible downside of 6.5%. View analysts price targets for MTH or view top-rated stocks among Wall Street analysts. How have MTH shares performed in 2023? Meritage Homes' stock was trading at $92.20 at the start of the year. Since then, MTH shares have increased by 33.6% and is now trading at $123.15. View the best growth stocks for 2023 here. Are investors shorting Meritage Homes? Meritage Homes saw a increase in short interest during the month of 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 currently 2.8 days. Approximately 3.6% of the company's shares 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, July 26th 2023. View our MTH earnings forecast. How were Meritage Homes' earnings last quarter? Meritage Homes Co. (NYSE:MTH) posted its earnings results on Wednesday, April, 26th. The construction company reported $3.54 earnings per share 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 analysts' expectations 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 company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $5.79 EPS. How often does Meritage Homes pay dividends? What is the dividend yield for Meritage Homes? Meritage Homes announced a quarterly dividend on Thursday, May 18th. Stockholders 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 yield of 0.88%. The ex-dividend date is Wednesday, June 14th. Read our dividend analysis for MTH. What ETFs hold Meritage Homes' stock? 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). Is Meritage Homes a good dividend stock? Meritage Homes (NYSE:MTH) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.94%. 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 6.46% 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). What is Meritage Homes' stock symbol? Meritage Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH." Who are Meritage Homes' major shareholders? Meritage Homes' stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Meritage Homes' stock price today? One share of MTH stock can currently be purchased for approximately $123.15. How much money does Meritage Homes make? Meritage Homes (NYSE:MTH) has a market capitalization of $4.50 billion and generates $6.29 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. How many employees does Meritage Homes have? The company employs 1,773 workers across the globe. How can I contact Meritage Homes? 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. This page (NYSE:MTH) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Meritage Homes Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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