Centric Wealth Management Buys New Stake in Meritage Homes Corporation $MTH

Centric Wealth Management purchased a new position in Meritage Homes Corporation (NYSE:MTH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,202 shares of the construction company’s stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTH. Royal Bank of Canada grew its stake in shares of Meritage Homes by 134.3% in the 1st quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock valued at $2,740,000 after purchasing an additional 22,162 shares during the period. AQR Capital Management LLC lifted its position in shares of Meritage Homes by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock worth $917,000 after buying an additional 4,407 shares during the period. Goldman Sachs Group Inc. boosted its stake in Meritage Homes by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after buying an additional 391,297 shares in the last quarter. Empowered Funds LLC boosted its stake in Meritage Homes by 111.0% in the 1st quarter. Empowered Funds LLC now owns 32,971 shares of the construction company’s stock valued at $2,337,000 after buying an additional 17,343 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Meritage Homes by 102.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company’s stock valued at $22,621,000 after buying an additional 161,806 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

Key Headlines Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $1.03 from $0.96, suggesting some expected improvement in that quarter.
• Neutral Sentiment: The current full-year consensus EPS estimate is approximately $5.04, while Zacks forecasts FY2026 EPS of $5.01, FY2027 EPS of $5.88 and FY2028 EPS of $7.01.
• Negative Sentiment: Nearer-term estimates were reduced: Q3 2026 EPS fell to $1.25 from $1.41, Q4 2026 EPS to $1.48 from $1.57, and FY2026 EPS to $5.01 from $5.17.
• Negative Sentiment: Several longer-term forecasts were also cut, including FY2027 EPS to $5.88 from $6.10 and FY2028 EPS to $7.01 from $7.36. Zacks lowered Q3 2027 EPS particularly sharply, to $1.48 from $1.72, as well as Q1 and Q2 2028 EPS to $1.12 and $1.89, respectively.
• Negative Sentiment: The revisions indicate analysts now expect weaker profitability than previously projected, which is likely weighing on Read More.. The cautious outlook comes after Meritage’s latest quarterly revenue declined 14.1% year over year, despite an earnings beat.

Meritage Homes Trading Down 0.6%

MTH stock opened at $73.21 on Friday. The business has a fifty day moving average price of $75.10 and a 200 day moving average price of $70.34. Meritage Homes Corporation has a fifty-two week low of $58.03 and a fifty-two week high of $85.38. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 5.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. Analysts expect that Meritage Homes Corporation will post 5.04 EPS for the current fiscal year.

Meritage Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Meritage Homes’s payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MTH shares. JPMorgan Chase & Co. dropped their price objective on Meritage Homes from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a report on Monday, July 6th. Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Zelman & Associates downgraded shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.25.

Meritage Homes Company Profile

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.