NYSE:MTH Meritage Homes - MTH Stock Forecast, Price & News 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. $116.76 +2.26 (+1.97%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$114.40▼$116.8350-Day Range$100.81▼$116.7652-Week Range$62.51▼$117.22Volume359,219 shsAverage Volume491,388 shsMarket Capitalization$4.29 billionP/E Ratio4.36Dividend Yield0.92%Price Target$110.86 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Meritage Homes MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside5.1% Downside$110.86 Price TargetShort InterestHealthy2.84% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.17Based on 4 Articles This WeekInsider TradingSelling Shares$1.29 M Sold Last QuarterProj. Earnings Growth13.65%From $12.97 to $14.74 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.2.21 out of 5 starsConstruction Sector53rd out of 106 stocksOperative Builders Industry12th 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 2.50, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $110.86, Meritage Homes has a forecasted downside of 5.1% from its current price of $116.76.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 Shorted2.84% 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 2.4, 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 10.76%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldMeritage Homes has a dividend yield of 0.93%, 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 4.04%. 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 7.33% 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 4.0 News and Social Media Coverage News SentimentMeritage Homes has a news sentiment score of 1.17. 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 is a higher news sentiment than the 0.49 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Meritage Homes this week, compared to 3 articles on an average week.Search Interest7 people have searched for MTH on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat Follows4 people have added Meritage Homes to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $1,290,994.00 in company stock.Percentage Held by InsidersOnly 1.80% 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 13.65% in the coming year, from $12.97 to $14.74 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Meritage Homes is 4.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Meritage Homes is 4.36, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 12.73.Price to Book Value per Share RatioMeritage Homes has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Meritage Homes (NYSE:MTH) StockMeritage Homes Corp. engages in the design and construction of single family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.Read More Receive MTH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Meritage Homes and its competitors with MarketBeat's FREE daily newsletter. Email Address MTH Stock News HeadlinesMarch 30, 2023 | marketwatch.comWhen Meritage Homes ($MTH) Moves Investors should ListenMarch 29, 2023 | finance.yahoo.comStock Of The Day Skyline Champion, Up 34% In 2023, Flashes Early Buy SignalsApril 1, 2023 | Vantage Point (Ad)The Market Crash Shield is A.I.Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. March 23, 2023 | finance.yahoo.comStock Of The Day Meritage Homes Nears Buy Point, Already Flashing This Bullish SignalMarch 22, 2023 | finance.yahoo.comMeritage Homes First Quarter 2023 Earnings Conference Call and Webcast Scheduled for April 27, 2023March 13, 2023 | thestreet.comMeritage Homes Stock Hits New 52-Week High (MTH)March 12, 2023 | thestreet.comMeritage Homes Stock Hits New 52-Week Low (MTH)March 6, 2023 | finance.yahoo.comJ.P. Morgan Downgrades Two Home-Builder Stocks, Upgrades OneApril 1, 2023 | Vantage Point (Ad)The Market Crash Shield is A.I.Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. March 3, 2023 | finance.yahoo.comWhy Is Meritage (MTH) Down 8% Since Last Earnings Report?February 17, 2023 | finance.yahoo.comMeritage Homes (MTH) Introduces Quarterly Cash DividendsFebruary 17, 2023 | finance.yahoo.comMeritage Homes Initiates Quarterly DividendFebruary 16, 2023 | finance.yahoo.comMeritage Homes Initiates Quarterly Cash DividendFebruary 6, 2023 | finance.yahoo.comTime To Worry? Analysts Are Downgrading Their Meritage Homes Corporation (NYSE:MTH) OutlookFebruary 3, 2023 | finance.yahoo.comMeritage Homes Corporation (NYSE:MTH) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | fool.comMeritage Homes (MTH) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | msn.comMeritage Homes (MTH) Q4 Earnings Beat, Orders & Backlog FallFebruary 1, 2023 | msn.comMeritage Homes GAAP EPS of $7.09 beats by $0.06, revenue of $1.99B beats by $10MFebruary 1, 2023 | markets.businessinsider.comMeritage Homes Corp. Q4 Income Rises, Beats estimatesFebruary 1, 2023 | finance.yahoo.comMeritage Homes closes out 2022 with record fourth quarter results including a 29% increase in home closings, a 32% increase in home closing revenue and $7.09 of diluted EPSFebruary 1, 2023 | finance.yahoo.comMeritage Homes (MTH) Surpasses Q4 Earnings and Revenue EstimatesJanuary 28, 2023 | finance.yahoo.comMeritage Homes (NYSE:MTH) stock performs better than its underlying earnings growth over last five yearsJanuary 23, 2023 | msn.com$1000 Invested In Meritage Homes 15 Years Ago Would Be Worth This Much TodayJanuary 3, 2023 | finance.yahoo.comMeritage Homes Fourth Quarter 2022 Earnings Conference Call and Webcast Scheduled for February 2, 2023December 22, 2022 | finance.yahoo.comHere's Why We Think Meritage Homes (NYSE:MTH) Is Well Worth WatchingDecember 16, 2022 | benzinga.comShort Volatility Alert: Meritage HomesDecember 13, 2022 | finance.yahoo.comMeritage Homes Gives More Than $2.5 Million in 2022 To Build Stronger Communities NationwideSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings2/01/2023Ex-Dividend for 3/31 Dividend3/14/2023Today3/31/2023Dividend Payable3/31/2023Next Earnings (Confirmed)4/26/2023Fiscal 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$110.86 High Stock Price Forecast$130.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside-5.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$26.75 Trailing P/E Ratio4.36 Forward P/E Ratio9.00 P/E GrowthN/ANet Income$992.19 million Net Margins15.79% Pretax Margin20.49% Return on Equity27.92% Return on Assets18.28% Debt Debt-to-Equity Ratio0.29 Current Ratio1.72 Quick Ratio1.72 Sales & Book Value Annual Sales$6.27 billion Price / Sales0.68 Cash Flow$28.27 per share Price / Cash Flow4.13 Book Value$108.00 per share Price / Book1.08Miscellaneous Outstanding Shares36,760,000Free Float36,103,000Market Cap$4.29 billion OptionableOptionable Beta1.56 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:TPHToll BrothersNYSE:TOLM/I HomesNYSE:MHOView All CompetitorsInsiders & InstitutionsAcrisure Capital Management LLCBought 2,260 shares on 3/28/2023Ownership: 0.006%Victory Capital Management Inc.Bought 120,702 shares on 3/10/2023Ownership: 1.114%OLD Mission Capital LLCBought 317 shares on 3/6/2023Ownership: 0.001%Phillippe LordSold 5,400 sharesTotal: $594,000.00 ($110.00/share)Raymond OppelSold 5,000 sharesTotal: $551,100.00 ($110.22/share)View All Insider TransactionsView All Institutional Transactions MTH Stock - Frequently Asked Questions Should I buy or sell Meritage Homes stock right now? 8 Wall Street 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 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 equities research analysts have issued 12 month price targets for Meritage Homes' shares. 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 5.1%. 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 26.6% and is now trading at $116.76. View the best growth stocks for 2023 here. Are investors shorting Meritage Homes? Meritage Homes saw a decline in short interest during the month of 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 daily trading volume, of 389,400 shares, the short-interest ratio is presently 2.3 days. Approximately 2.6% of the company's shares 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) posted its earnings results on Wednesday, February, 1st. The construction company reported $7.09 EPS for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.25 EPS. How often does Meritage Homes pay dividends? What is the dividend yield for Meritage Homes? Meritage Homes announced a quarterly dividend on Thursday, February 16th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.27 per share on Friday, March 31st. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, March 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), 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). 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." 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 $116.76. How much money does Meritage Homes make? Meritage Homes (NYSE:MTH) has a market capitalization of $4.29 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 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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