Meritage Homes (NYSE:MTH) Given Neutral Rating at Wedbush

Meritage Homes (NYSE:MTH - Get Free Report)'s stock had its "neutral" rating reissued by analysts at Wedbush in a report released on Tuesday,RTT News reports. They currently have a $103.00 target price on the construction company's stock. Wedbush's target price would indicate a potential upside of 40.00% from the company's previous close. Wedbush also issued estimates for Meritage Homes' Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $2.05 EPS, Q3 2025 earnings at $2.56 EPS, Q4 2025 earnings at $3.21 EPS, FY2025 earnings at $9.56 EPS, Q1 2026 earnings at $1.84 EPS, Q2 2026 earnings at $2.30 EPS, Q3 2026 earnings at $2.70 EPS, Q4 2026 earnings at $3.76 EPS and FY2026 earnings at $10.60 EPS.

A number of other research analysts have also recently commented on MTH. UBS Group cut their price target on shares of Meritage Homes from $126.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of Meritage Homes from a "hold" rating to a "sell" rating in a research report on Saturday, January 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $98.50 price target (down previously from $110.00) on shares of Meritage Homes in a report on Friday, December 13th. Keefe, Bruyette & Woods reduced their price objective on Meritage Homes from $105.00 to $99.00 and set a "market perform" rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James downgraded Meritage Homes from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Meritage Homes has an average rating of "Hold" and a consensus target price of $106.25.

Meritage Homes Trading Down 3.9 %

NYSE MTH traded down $3.01 on Tuesday, hitting $73.57. 841,872 shares of the stock were exchanged, compared to its average volume of 1,014,077. Meritage Homes has a 52-week low of $73.05 and a 52-week high of $106.99. The firm has a market capitalization of $5.32 billion, a P/E ratio of 5.63 and a beta of 1.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.61. The stock has a fifty day moving average price of $84.25 and a two-hundred day moving average price of $91.86.

Meritage Homes (NYSE:MTH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.55 by $0.17. Meritage Homes had a net margin of 12.29% and a return on equity of 15.90%. Research analysts forecast that Meritage Homes will post 10.52 EPS for the current fiscal year.

Institutional Trading of Meritage Homes

Several hedge funds have recently modified their holdings of MTH. Marshall Wace LLP bought a new position in shares of Meritage Homes during the 2nd quarter worth approximately $387,000. Squarepoint Ops LLC acquired a new position in shares of Meritage Homes during the second quarter worth $495,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Meritage Homes by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,320 shares of the construction company's stock valued at $3,451,000 after purchasing an additional 527 shares during the last quarter. Creative Planning boosted its position in shares of Meritage Homes by 24.0% in the 2nd quarter. Creative Planning now owns 10,006 shares of the construction company's stock worth $1,619,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Meritage Homes by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,134 shares of the construction company's stock worth $184,000 after buying an additional 163 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.