NYSE:MTH - Meritage Homes Stock Price, Forecast & News

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

Meritage Homes Corp (NYSE:MTH) issued its earnings results on Wednesday, January, 29th. The construction company reported $2.65 EPS for the quarter, beating the consensus estimate of $1.92 by $0.73. The construction company earned $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Meritage Homes's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. View Meritage Homes' Earnings History.

Meritage Homes is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Meritage Homes.

8 Wall Street analysts have issued 1-year price targets for Meritage Homes' stock. Their forecasts range from $39.00 to $82.00. On average, they anticipate Meritage Homes' share price to reach $67.07 in the next twelve months. This suggests that the stock has a possible downside of 7.1%. View Analyst Price Targets for Meritage Homes.

8 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

News headlines about MTH stock have trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meritage Homes earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned press coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Meritage Homes.

Meritage Homes saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,620,000 shares, a drop of 8.4% from the January 15th total of 2,860,000 shares. Based on an average daily trading volume, of 509,400 shares, the days-to-cover ratio is presently 5.1 days. Approximately 7.1% of the company's stock are sold short. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include Beazer Homes USA (BZH), Cavco Industries (CVCO), D. R. Horton (DHI), Hovnanian Enterprises (HOV), KB Home (KBH), Lennar (LEN), M.D.C. (MDC), M/I Homes (MHO), NVR (NVR), PulteGroup (PHM), Toll Brothers (TOL) and TRI Pointe Group (TPH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include CA (CA), BlackRock (BLK), Energy Transfer LP Unit (ET), Netflix (NFLX), Endologix (ELGX), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Chipotle Mexican Grill (CMG) and D. R. Horton (DHI).

Meritage Homes' stock is owned by many different of retail and institutional investors. Top institutional investors include Earnest Partners LLC (3.66%), State Street Corp (3.02%), Goldman Sachs Group Inc. (2.57%), Prudential Financial Inc. (2.26%), LSV Asset Management (1.64%) and Bank of New York Mellon Corp (1.29%). Company insiders that own Meritage Homes stock include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View Institutional Ownership Trends for Meritage Homes.

MTH stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, South Dakota Investment Council, Mackay Shields LLC, Gabelli Funds LLC and Cipher Capital LP. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View Insider Buying and Selling for Meritage Homes.

MTH stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Hennessy Advisors Inc., Assenagon Asset Management S.A., Cubist Systematic Strategies LLC, Panagora Asset Management Inc. and AJO LP. View Insider Buying and Selling for Meritage Homes.

Shares of MTH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTH stock can currently be purchased for approximately $72.19.