Meritage Homes (NYSE:MTH) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Meritage Homes (NYSE:MTH) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm issued a market outperform rating and a $90.00 price target on the construction company’s stock.

Several other research analysts also recently commented on MTH. Citigroup started coverage on Meritage Homes in a research note on Wednesday. They issued an “outperform” rating for the company. Evercore ISI set a $77.00 price objective on Meritage Homes and gave the company an “in-line” rating in a research report on Thursday, December 4th. Zacks Research lowered Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised 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. Finally, Bank of America lowered their price target on shares of Meritage Homes from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.63.

Meritage Homes Stock Up 10.5%

Shares of NYSE MTH opened at $75.53 on Wednesday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 7.68 and a beta of 1.48. 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 has a one year low of $59.27 and a one year high of $84.74. The firm’s 50 day simple moving average is $68.71 and its two-hundred day simple moving average is $71.43.

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

Meritage Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were issued 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 is 17.48%.

Hedge Funds Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in Meritage Homes by 265.5% during the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock valued at $29,000 after acquiring an additional 292 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Meritage Homes in the 2nd quarter valued at approximately $33,000. Signaturefd LLC boosted its position in shares of Meritage Homes by 54.9% during the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after purchasing an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Meritage Homes by 194.9% in the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after purchasing an additional 462 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in Meritage Homes by 23.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock worth $104,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

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.