Wall Street Zen Upgrades Meritage Homes (NYSE:MTH) to “Hold”

Meritage Homes (NYSE:MTH) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also commented on MTH. UBS Group set a $101.00 price objective on shares of Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Meritage Homes in a research report on Monday, December 29th. Evercore ISI set a $77.00 price objective on Meritage Homes and gave the stock an “in-line” rating in a research note on Thursday, December 4th. Bank of America decreased their target price on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Meritage Homes from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.57.

Meritage Homes Stock Performance

MTH opened at $66.13 on Friday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 6.72 and a beta of 1.48. The business’s 50-day moving average price is $68.71 and its two-hundred day moving average price is $71.37. Meritage Homes has a 1 year low of $59.27 and a 1 year high of $84.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.95.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.32). Meritage Homes had a return on equity of 10.37% and a net margin of 8.96%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company earned $5.34 earnings per share. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. Meritage Homes has set its Q4 2025 guidance at 1.510-1.700 EPS. Equities analysts expect that Meritage Homes will post 9.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Meritage Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTH. Larson Financial Group LLC raised its position 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 valued at $29,000 after purchasing an additional 292 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Meritage Homes in the 2nd quarter valued at about $33,000. Signaturefd LLC grew its stake in Meritage Homes by 54.9% in the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after buying an additional 219 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Meritage Homes by 194.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after buying an additional 462 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Meritage Homes by 23.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock valued at $104,000 after acquiring an additional 268 shares during the period. 98.44% of the stock is owned by institutional investors.

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.