Meritage Homes Corporation (NYSE:MTH) Stock Has Consensus Price Target of $73.56

Shares of Meritage Homes Corporation (NYSE:MTH) have been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $73.56.

A number of analysts have weighed in on MTH shares. Evercore set a $65.00 price target on Meritage Homes in a research report on Friday, September 25th. UBS Group restated a “buy” rating and issued a $88.00 price objective (up from $86.00) on shares of Meritage Homes in a research note on Friday, July 31st. Wall Street Zen raised shares of Meritage Homes from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Zelman & Associates downgraded shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Finally, Truist Financial set a $72.00 price target on Meritage Homes and gave the company a “hold” rating in a research report on Wednesday, September 16th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTH. Bamco Inc. NY acquired a new stake in shares of Meritage Homes during the 2nd quarter worth approximately $112,498,000. Bank of New York Mellon Corp acquired a new position in shares of Meritage Homes in the second quarter valued at $68,873,000. Algert Global LLC raised its stake in shares of Meritage Homes by 267.8% in the second quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock valued at $29,861,000 after purchasing an additional 259,291 shares in the last quarter. Atlas FRM LLC acquired a new position in shares of Meritage Homes in the second quarter valued at $18,447,000. Finally, Deutsche Bank AG bought a new position in Meritage Homes in the second quarter worth $14,510,000. 98.44% of the stock is owned by institutional investors.

Key Stories Impacting Meritage Homes

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

• Positive Sentiment: Meritage Homes ended the quarter with $677 million in cash and continued returning capital, repurchasing 757,128 shares for $55 million and paying $31 million in dividends. Meritage Homes Q3 earnings and capital returns
• Neutral Sentiment: The company reported a return on equity of 7.13%, a net margin of 6.11% and a debt-to-equity ratio of 0.37, indicating a relatively moderate balance-sheet leverage profile despite the weaker quarter.
• Negative Sentiment: Third-quarter revenue was approximately $1.17 billion, well below the $1.29 billion analyst estimate and down 17% to 17.5% year over year. Meritage Homes revenue earnings flash
• Negative Sentiment: Quarterly EPS of $1.11 missed the consensus estimate of $1.17-$1.18 and declined from $1.39 a year earlier. Net earnings fell 32% year over year. Meritage Homes misses Q3 earnings estimates
• Negative Sentiment: Homes closed declined 14% to 3,187, while average closing prices fell 4% to $365,000. New orders dropped 15% and order value decreased 17%, signaling softer buyer demand or more aggressive pricing.
• Negative Sentiment: Home-closing gross margin contracted to 17.4% from 19.1% a year earlier, adding further pressure to earnings and reinforcing the market’s negative reaction to the results. Meritage Homes third-quarter 2026 results

Meritage Homes Stock Performance

Shares of MTH opened at $61.81 on Monday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 4.81 and a beta of 1.33. The company’s fifty day moving average is $64.62 and its 200-day moving average is $69.13. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Meritage Homes has a 12 month low of $56.66 and a 12 month high of $85.38.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.29 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. Equities analysts expect that Meritage Homes will post 4.93 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.92 annualized dividend and a yield of 3.1%. Meritage Homes’s dividend payout ratio is presently 40.17%.

Meritage Homes Company Profile

Meritage Homes Corporation is a residential construction company that designs and builds single-family homes in the United States. The company primarily serves entry-level and first-time homebuyers, offering homes in a range of floor plans and communities designed around affordability, energy efficiency and modern features.

Meritage Homes sells homes through its own communities and provides related services, including land acquisition and development, home design, construction, sales and customer support.