Keefe, Bruyette & Woods Cuts Meritage Homes (NYSE:MTH) Price Target to $76.00

Meritage Homes (NYSE:MTH) had its price objective trimmed by Keefe, Bruyette & Woods from $78.00 to $76.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the construction company’s stock. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.57 EPS, Q4 2026 earnings at $1.66 EPS, FY2026 earnings at $5.73 EPS and FY2027 earnings at $6.86 EPS.

Several other research firms have also recently issued reports on MTH. Zacks Research cut shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. The Goldman Sachs Group restated a “buy” rating and issued a $90.00 target price on shares of Meritage Homes in a report on Tuesday, January 13th. Citigroup started coverage on shares of Meritage Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, Bank of America reiterated a “neutral” rating and set a $82.00 target price (up from $75.00) on shares of Meritage Homes in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.63.

Meritage Homes Trading Up 0.1%

NYSE:MTH opened at $75.52 on Tuesday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.26 and a beta of 1.48. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $70.97 and a 200 day moving average of $71.91. Meritage Homes has a 52 week low of $59.27 and a 52 week high of $84.74.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Meritage Homes had a return on equity of 9.28% and a net margin of 7.73%.Meritage Homes’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.72 EPS. On average, research analysts predict that Meritage Homes will post 9.44 earnings per share for the current year.

Meritage Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a $0.43 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.72 annualized dividend and a yield of 2.3%. Meritage Homes’s dividend payout ratio (DPR) is presently 27.22%.

Institutional Investors Weigh In On Meritage Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its position in Meritage Homes by 63.9% during the fourth quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Meritage Homes by 265.5% in the third quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock worth $29,000 after buying an additional 292 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Meritage Homes during the 2nd quarter valued at about $33,000. Brown Lisle Cummings Inc. bought a new position in shares of Meritage Homes during the 4th quarter valued at approximately $39,000. Finally, Signaturefd LLC increased its holdings in Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after acquiring an additional 219 shares in the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

More Meritage Homes News

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

• Positive Sentiment: Citizens Jmp raised several near-term quarterly estimates and reiterated a bullish stance — the firm boosted Q4 2026 and Q4 2027 quarter estimates and nudged some 2026 quarter numbers higher, and it maintains a “Market Outperform” rating with a $90 price target, supporting upside expectations for MTH.
• Positive Sentiment: Meritage’s most recent quarter beat EPS expectations (reported $1.67 vs. consensus ~$1.55) — an earnings beat that helps justify the stock’s strength despite revenue weakness year-over-year and a revenue miss versus expectations.
• Neutral Sentiment: Analyst and investor questions from the Q4 earnings call are getting coverage and may influence near-term guidance clarity and sentiment; read the analyst Q&A summary for context. 5 Revealing Analyst Questions From Meritage Homes’s Q4 Earnings Call
• Negative Sentiment: Keefe, Bruyette & Woods cut multiple near-term and FY EPS estimates (Q1–Q4 2026, FY2026, FY2027) and trimmed its price target to $76 while keeping a “Market Perform” rating — a broad set of downward revisions that signals expectations for weaker margins/volume or a slower recovery and puts pressure on the stock. Keefe, Bruyette & Woods Lowers Meritage Homes (NYSE:MTH) Price Target to $76.00

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.