NYSE:MTHMeritage Homes Stock Price, Forecast & News

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTH shares have increased by 28.7% and is now trading at $69.50. View which stocks have been most impacted by Coronavirus.

8 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meritage Homes.

Meritage Homes is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Meritage Homes.

Meritage Homes Corp (NYSE:MTH) posted its earnings results on Tuesday, April, 28th. The construction company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.57. The construction company had revenue of $890.42 million for the quarter, compared to analyst estimates of $855.54 million. Meritage Homes had a net margin of 7.68% and a return on equity of 15.47%. The firm's revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. View Meritage Homes' earnings history.

8 equities research analysts have issued twelve-month price targets for Meritage Homes' stock. Their forecasts range from $38.00 to $82.00. On average, they anticipate Meritage Homes' share price to reach $65.00 in the next year. This suggests that the stock has a possible downside of 6.5%. View analysts' price targets for Meritage Homes.

News coverage about MTH stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meritage Homes earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMeritage Homes.

Meritage Homes saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,880,000 shares, an increase of 42.4% from the April 30th total of 1,320,000 shares. Based on an average daily volume of 636,700 shares, the days-to-cover ratio is presently 3.0 days. Approximately 5.1% of the company's shares are sold short. View Meritage Homes' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include BlackRock (BLK), CA (CA), Energy Transfer LP Unit (ET), Bank of America (BAC), Ford Motor (F), Pfizer (PFE), Tesla (TSLA), Chipotle Mexican Grill (CMG), Endologix (ELGX) and Netflix (NFLX).

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

Meritage Homes' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.60%), State Street Corp (3.21%), Fisher Asset Management LLC (3.16%), Acadian Asset Management LLC (1.44%), Geode Capital Management LLC (1.38%) and Bank of New York Mellon Corp (1.27%). Company insiders that own Meritage Homes stock include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, 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 APG Asset Management N.V., APG Asset Management N.V., Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Assenagon Asset Management S.A., Canada Pension Plan Investment Board, and Fisher Asset Management LLC. 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 activity for Meritage Homes.

MTH stock was acquired by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Nuveen Asset Management LLC, Acadian Asset Management LLC, Deutsche Bank AG, Matarin Capital Management LLC, State Street Corp, Penn Capital Management Co. Inc., and BNP Paribas Arbitrage SA. View insider buying and selling activity 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 $69.50.

Meritage Homes has a market capitalization of $2.61 billion and generates $3.67 billion in revenue each year. The construction company earns $249.66 million in net income (profit) each year or $6.42 on an earnings per share basis. Meritage Homes employs 1,510 workers across the globe.

The official website for Meritage Homes is www.meritagehomes.com.

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The construction company can be reached via phone at 480-515-8100 or via email at [email protected]