Meritage Homes - MTH Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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9 brokers have issued 1-year price objectives for Meritage Homes' stock. Their MTH share price forecasts range from $65.00 to $157.00. On average, they predict the company's stock price to reach $109.14 in the next twelve months. This suggests a possible upside of 55.2% from the stock's current price.
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Meritage Homes' stock was trading at $122.06 at the beginning of 2022. Since then, MTH stock has decreased by 42.4% and is now trading at $70.32.
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Meritage Homes saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,160,000 shares, a decline of 20.5% from the August 15th total of 1,460,000 shares. Based on an average daily trading volume, of 354,200 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Meritage Homes Co. (NYSE:MTH) posted its quarterly earnings data on Wednesday, July, 27th. The construction company reported $6.77 earnings per share for the quarter, topping analysts' consensus estimates of $5.81 by $0.96. The construction company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.38 billion. Meritage Homes had a trailing twelve-month return on equity of 29.09% and a net margin of 16.53%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.36 earnings per share.

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 institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (3.69%), State Street Corp (3.60%), Macquarie Group Ltd. (2.38%), Goldman Sachs Group Inc. (2.23%), Greenhaven Associates Inc. (2.00%) and Northern Trust Corp (1.31%). 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 $70.32.

Meritage Homes (NYSE:MTH) has a market capitalization of $2.57 billion and generates $5.14 billion in revenue each year. The construction company earns $737.44 million in net income (profit) each year or $24.06 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.