Meritage Homes (NYSE:MTH) Given Neutral Rating at Bank of America

Meritage Homes (NYSE:MTH)‘s stock had its “neutral” rating reissued by stock analysts at Bank of America in a report released on Friday, Marketbeat.com reports. They currently have a $82.00 target price on the construction company’s stock, up from their prior target price of $75.00. Bank of America‘s price target would suggest a potential upside of 4.80% from the stock’s previous close.

Several other analysts also recently weighed in on MTH. Zacks Research downgraded Meritage Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Meritage Homes in a research report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price target on shares of Meritage Homes in a report on Tuesday. Evercore ISI set a $77.00 price objective on shares of Meritage Homes and gave the company an “in-line” rating in a research note on Thursday, December 4th. Finally, Citizens Jmp initiated coverage on shares of Meritage Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.63.

Meritage Homes Trading Up 1.5%

Shares of Meritage Homes stock opened at $78.24 on Friday. The firm’s 50 day simple moving average is $69.65 and its two-hundred day simple moving average is $71.73. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 7.95 and a beta of 1.48. Meritage Homes has a 12-month low of $59.27 and a 12-month high of $84.74. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35.

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

Institutional Trading of Meritage Homes

A number of hedge funds have recently added to or reduced their stakes in MTH. Larson Financial Group LLC increased its holdings in 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 buying an additional 292 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Meritage Homes during the 2nd quarter valued at about $33,000. Signaturefd LLC grew its position in shares of Meritage Homes by 54.9% during the 2nd quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock valued at $41,000 after acquiring an additional 219 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 462 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Meritage Homes in the 4th quarter worth about $75,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

About Meritage Homes

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.