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, topping analysts' consensus estimates of $1.92 by $0.73. The construction company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Meritage Homes had a net margin of 6.83% and a return on equity of 13.52%. The firm's revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. 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 12-month price objectives 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 year. This suggests a possible upside of 2.6% from the stock's current price. 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.

Press coverage about MTH stock has trended somewhat negative on Thursday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meritage Homes earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Meritage Homes.

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

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 a number of of institutional and retail 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%), Man Group plc (1.68%) and LSV Asset Management (1.64%). 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, Alliancebernstein L.P., Mackay Shields LLC and Gabelli Funds 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 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, Man Group plc, Hennessy Advisors Inc., Assenagon Asset Management S.A., Cubist Systematic Strategies LLC and Panagora Asset Management Inc.. 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 $65.40.

Meritage Homes has a market capitalization of $2.49 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.View Additional Information About Meritage Homes.

The official website for Meritage Homes is http://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]