Zacks Research Brokers Raise Earnings Estimates for Meritage Homes Co. (NYSE:MTH)

Meritage Homes Co. (NYSE:MTH) – Equities research analysts at Zacks Research lifted their Q2 2025 earnings per share (EPS) estimates for Meritage Homes in a report released on Thursday, August 1st. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $5.68 per share for the quarter, up from their prior forecast of $5.14. The consensus estimate for Meritage Homes’ current full-year earnings is $20.83 per share. Zacks Research also issued estimates for Meritage Homes’ Q2 2026 earnings at $6.17 EPS.

A number of other equities analysts have also weighed in on MTH. Keefe, Bruyette & Woods upped their target price on shares of Meritage Homes from $195.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. Raymond James lifted their price target on Meritage Homes from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. StockNews.com downgraded Meritage Homes from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI lifted their price objective on shares of Meritage Homes from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, The Goldman Sachs Group lifted their price target on Meritage Homes from $173.00 to $197.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.60.

Meritage Homes Stock Up 0.6 %

Shares of MTH stock opened at $183.05 on Monday. Meritage Homes has a 12 month low of $109.23 and a 12 month high of $210.58. The company has a 50 day simple moving average of $174.69 and a two-hundred day simple moving average of $167.55. The company has a current ratio of 1.93, a quick ratio of 1.66 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.65 billion, a P/E ratio of 8.54 and a beta of 1.80.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $5.17 by $1.14. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Meritage Homes had a net margin of 12.98% and a return on equity of 17.99%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.02 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTH. DAVENPORT & Co LLC acquired a new position in shares of Meritage Homes in the fourth quarter valued at $264,000. International Assets Investment Management LLC grew its holdings in Meritage Homes by 17,318.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,916 shares of the construction company’s stock worth $334,000 after acquiring an additional 1,905 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in Meritage Homes in the fourth quarter valued at about $253,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Meritage Homes by 48.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,235 shares of the construction company’s stock worth $4,396,000 after acquiring an additional 8,225 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Meritage Homes by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,317 shares of the construction company’s stock worth $2,668,000 after acquiring an additional 300 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Meritage Homes

In related news, CEO Phillippe Lord sold 10,000 shares of Meritage Homes stock in a transaction on Friday, July 26th. The shares were sold at an average price of $200.35, for a total transaction of $2,003,500.00. Following the transaction, the chief executive officer now owns 90,266 shares in the company, valued at approximately $18,084,793.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meritage Homes news, CEO Phillippe Lord sold 10,000 shares of Meritage Homes stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $200.35, for a total value of $2,003,500.00. Following the completion of the transaction, the chief executive officer now directly owns 90,266 shares in the company, valued at $18,084,793.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Hilla Sferruzza sold 2,500 shares of Meritage Homes stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total value of $512,500.00. Following the sale, the chief financial officer now directly owns 44,570 shares in the company, valued at approximately $9,136,850. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $3,111,080 over the last quarter. 2.00% of the stock is currently owned by insiders.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, June 14th. Meritage Homes’s dividend payout ratio is presently 13.99%.

About Meritage Homes

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.