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 Wall Street analysts have issued 1-year price objectives for Meritage Homes' stock. Their MTH share price forecasts range from $65.00 to $130.00. On average, they expect the company's share price to reach $110.86 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
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Meritage Homes' stock was trading at $92.20 at the beginning of the year. Since then, MTH shares have increased by 24.6% and is now trading at $114.91.
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Meritage Homes saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 911,900 shares, a decrease of 14.8% from the February 13th total of 1,070,000 shares. Based on an average daily trading volume, of 389,400 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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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.

Meritage Homes Co. (NYSE:MTH) released its earnings results on Wednesday, February, 1st. The construction company reported $7.09 EPS for the quarter, beating analysts' consensus estimates of $7.03 by $0.06. The construction company earned $1.99 billion during the quarter, compared to analyst estimates 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 company's revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company posted $6.25 EPS.

Meritage Homes announced a quarterly dividend on Thursday, February 16th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date is Tuesday, March 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), 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), Invesco MSCI Green Building ETF (GBLD), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) and Global X Green Building ETF (GRNR).

Meritage Homes (NYSE:MTH) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.95%. 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.

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 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.
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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 $114.91.

Meritage Homes (NYSE:MTH) has a market capitalization of $4.22 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.

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.