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NYSE:MTH

Meritage Homes - MTH Stock Forecast, Price & News

$114.39
-0.27 (-0.24%)
(As of 03/27/2023 01:23 PM ET)
Add
Compare
Today's Range
$112.72
$115.34
50-Day Range
$97.85
$116.59
52-Week Range
$62.51
$117.22
Volume
197,896 shs
Average Volume
435,967 shs
Market Capitalization
$4.18 billion
P/E Ratio
4.28
Dividend Yield
0.94%
Price Target
$110.86

Meritage Homes MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.7% Downside
$110.86 Price Target
Short Interest
Healthy
2.84% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of Meritage Homes in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.29 M Sold Last Quarter
Proj. Earnings Growth
13.65%
From $12.97 to $14.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Construction Sector

49th out of 105 stocks

Operative Builders Industry

7th out of 17 stocks


MTH stock logo

About Meritage Homes (NYSE:MTH) Stock

Meritage 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.

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MTH Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Meritage Homes Stock Hits New 52-Week High (MTH)
Meritage Homes Stock Hits New 52-Week Low (MTH)
Meritage Homes (MTH) Introduces Quarterly Cash Dividends
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Meritage Homes Initiates Quarterly Dividend
Meritage Homes Initiates Quarterly Cash Dividend
Meritage Homes Corp. Q4 Income Rises, Beats estimates
Short Volatility Alert: Meritage Homes
See More Headlines
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MTH Company Calendar

Last Earnings
2/01/2023
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/27/2023
Dividend Payable
3/31/2023
Next Earnings (Confirmed)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
59001A10
Employees
1,773
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$110.86
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-3.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$992.19 million
Pretax Margin
20.49%

Debt

Sales & Book Value

Annual Sales
$6.27 billion
Cash Flow
$27.83 per share
Book Value
$108.00 per share

Miscellaneous

Free Float
35,913,000
Market Cap
$4.19 billion
Optionable
Optionable
Beta
1.56

Key Executives

  • Phillippe LordPhillippe Lord
    President, Chief Executive Officer & Director
  • Clinton SzubinskiClinton Szubinski
    Chief Operating Officer & Executive Vice President
  • Hilla SferruzzaHilla Sferruzza
    Chief Financial Officer & Executive Vice President
  • Javier FelicianoJavier Feliciano
    Chief People Officer & Executive Vice President
  • Malissia R. Clinton
    Secretary, Executive VP & General Counsel













MTH Stock - Frequently Asked Questions

Should I buy or sell Meritage Homes stock right now?

8 Wall Street equities research 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 5 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 Wall Street research analysts have issued 1-year target prices for Meritage Homes' stock. Their MTH share price forecasts range from $65.00 to $130.00. On average, they predict the company's share price to reach $110.86 in the next year. This suggests that the stock has a possible downside of 2.7%.
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 on January 1st, 2023. Since then, MTH shares have increased by 23.6% and is now trading at $113.99.
View the best growth stocks for 2023 here
.

Are investors shorting Meritage Homes?

Meritage Homes saw a decline in short interest in February. As of February 28th, there was short interest totaling 911,900 shares, a decline of 14.8% from the February 13th total of 1,070,000 shares. Based on an average trading volume of 389,400 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.6% of the shares of the company are sold short.
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 26th 2023.
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 27th at 11:00 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) announced its quarterly earnings results on Wednesday, February, 1st. The construction company reported $7.09 EPS for the quarter, topping the consensus estimate of $7.03 by $0.06. The construction company earned $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Meritage Homes had a net margin of 15.79% and a trailing twelve-month return on equity of 27.92%. The business's quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.25 earnings per share.

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

Meritage Homes declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.27 per share on Friday, March 31st. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for MTH
.

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 4.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTH will have a dividend payout ratio of 7.33% 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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.67%), Earnest Partners LLC (3.99%), T. Rowe Price Investment Management Inc. (3.78%), Fisher Asset Management LLC (3.10%), Macquarie Group Ltd. (2.38%) and Greenhaven Associates Inc. (2.24%). 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 $113.99.

How much money does Meritage Homes make?

Meritage Homes (NYSE:MTH) has a market capitalization of $4.17 billion and generates $6.27 billion in revenue each year. The construction company earns $992.19 million in net income (profit) each year or $26.75 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 3/27/2023 by MarketBeat.com Staff