Meritage Homes - MTH Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTH, but not buy additional shares or sell existing shares.
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8 analysts have issued twelve-month price objectives 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 a possible upside of 0.5% from the stock's current price.
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Meritage Homes' stock was trading at $92.20 on January 1st, 2023. Since then, MTH shares have increased by 19.7% and is now trading at $110.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Meritage Homes Co. (NYSE:MTH) issued 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 analyst estimates 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 revenue for the quarter was up 32.9% on a year-over-year basis. During the same period last year, the company posted $6.25 EPS.

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).

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

Meritage Homes' stock is owned by a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (3.10%), Greenhaven Associates Inc. (2.24%), New York State Common Retirement Fund (0.67%), Vaughan Nelson Investment Management L.P. (0.49%), Swiss National Bank (0.24%) and South Dakota Investment Council (0.24%). 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.
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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.
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One share of MTH stock can currently be purchased for approximately $110.35.

Meritage Homes (NYSE:MTH) has a market capitalization of $4.04 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.

The company employs 1,773 workers across the globe.

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.