NYSE:MTHMeritage Homes Stock Price, Forecast & News

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTH shares have increased by 52.2% and is now trading at $82.20. 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, 1 hold rating, 5 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 will be holding an earnings conference call on Wednesday, July 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

8 Wall Street analysts have issued 1-year target prices for Meritage Homes' stock. Their forecasts range from $55.00 to $88.00. On average, they expect Meritage Homes' stock price to reach $71.25 in the next twelve months. This suggests that the stock has a possible downside of 13.3%. View analysts' price targets for Meritage Homes.

Media stories about MTH stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meritage Homes earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Meritage Homes.

Meritage Homes saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,420,000 shares, an increase of 8.4% from the June 15th total of 1,310,000 shares. Based on an average daily volume of 521,600 shares, the short-interest ratio is currently 2.7 days. Currently, 3.9% of the company's stock 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). 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 many different retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.46%), State of Alaska Department of Revenue (0.09%), Envestnet Asset Management Inc. (0.07%) and Diversified Trust Co (0.02%). 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 Dalton Greiner Hartman Maher & Co.. 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 purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co, Envestnet Asset Management Inc., and State of Alaska Department of Revenue. 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 $82.20.

Meritage Homes has a market capitalization of $3.09 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]