S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NYSE:MTH

Meritage Homes (MTH) Stock Forecast, Price & News

$123.15
+5.02 (+4.25%)
(As of 06/2/2023 ET)
Compare
Today's Range
$119.07
$123.96
50-Day Range
$113.56
$128.05
52-Week Range
$62.51
$130.68
Volume
390,665 shs
Average Volume
371,670 shs
Market Capitalization
$4.50 billion
P/E Ratio
5.03
Dividend Yield
0.88%
Price Target
$115.14

Meritage Homes MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
6.5% Downside
$115.14 Price Target
Short Interest
Healthy
3.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of Meritage Homes in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$926,077 Sold Last Quarter
Proj. Earnings Growth
7.73%
From $15.53 to $16.73 Per Share

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 stars

Construction Sector

64th out of 105 stocks

Operative Builders Industry

11th 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.

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.

MTH Stock News Headlines

15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
“One-Stock Millionaire” IGNORES 99.9% of the Market
During 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.
Meritage Homes Announces Quarterly Cash Dividend
Best Momentum Stocks to Buy for May 8th
See More Headlines

MTH Price History

MTH Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Last Earnings
4/26/2023
Today
6/04/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/26/2023
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
$115.14
High Stock Price Forecast
$132.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$992.19 million
Pretax Margin
18.62%

Debt

Sales & Book Value

Annual Sales
$6.29 billion
Cash Flow
$28.98 per share
Book Value
$111.21 per share

Miscellaneous

Free Float
35,840,000
Market Cap
$4.50 billion
Optionable
Optionable
Beta
1.59

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?

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
.

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

My Account -