Meritage Homes (MTH) Stock Price, News & Analysis

Company Overview

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. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Key Stats

• Today's Range: $73.60 to $75.34
• 50-Day Range: $73.20 to $153.82
• 52-Week Range: $71.05 to $106.99
• Volume: 182,555 shs
• Average Volume: 936,577 shs
• Market Capitalization: $5.32 billion
• P/E Ratio: 5.62
• Dividend Yield: 2.04%
• Price Target: $106.25
• Consensus Rating: Moderate Buy

Meritage Homes Stock Analysis - MarketRank™

Meritage Homes scored higher than 95% of companies evaluated by MarketBeat, and ranked 20th out of 106 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Meritage Homes has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Meritage Homes has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 14.09%

Earnings Growth

Earnings for Meritage Homes are expected to grow by 14.09% in the coming year, from $9.44 to $10.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Meritage Homes is 5.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Meritage Homes is 5.68, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 14.93.

Price to Book Value per Share Ratio

Meritage Homes has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.30% of the outstanding shares of Meritage Homes have been sold short.

Short Interest Ratio / Days to Cover

Meritage Homes has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meritage Homes has recently increased by 14.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Meritage Homes pays a meaningful dividend of 2.05%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Meritage Homes does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Meritage Homes is 11.47%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Meritage Homes will have a dividend payout ratio of 13.93% next year. This indicates that Meritage Homes will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.30% of the outstanding shares of Meritage Homes have been sold short.

Short Interest Ratio / Days to Cover

Meritage Homes has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meritage Homes has recently increased by 14.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.14

News Sentiment

Meritage Homes has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Meritage Homes this week, compared to 7 articles on an average week.

Search Interest

Only 6 people have searched for MTH on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Meritage Homes to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Meritage Homes insiders have bought 636.03% more of their company's stock than they have sold. Specifically, they have bought $819,610.00 in company stock and sold $111,355.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of Meritage Homes is held by insiders.

Percentage Held by Institutions

98.44% of the stock of Meritage Homes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MTH Stock Analysis - Frequently Asked Questions

How have MTH shares performed this year?

Meritage Homes' stock was trading at $153.82 at the beginning of the year. Since then, MTH shares have decreased by 51.7% and is now trading at $74.2240.
View the best growth stocks for 2025 here.

How were Meritage Homes' earnings last quarter?

Meritage Homes Co. (NYSE:MTH) released its quarterly earnings data on Wednesday, January, 29th. The construction company reported $4.72 EPS for the quarter, topping analysts' consensus estimates of $4.55 by $0.17. Meritage Homes had a trailing twelve-month return on equity of 15.90% and a net margin of 12.29%.

When did Meritage Homes' stock split?

Meritage Homes's stock split on the morning of Friday, January 3rd 2025. The 2-1 split was announced on Monday, November 25th 2024. The newly created shares were issued to shareholders after the closing bell on Tuesday, December 31st 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Meritage Homes' major shareholders?

Meritage Homes' top institutional investors include Vanguard Group Inc. (5.63%), Dimensional Fund Advisors LP (2.09%), Geode Capital Management LLC (1.15%) and Greenhaven Associates Inc. (1.02%). Insiders that own company stock include Steven J Hilton, Phillippe Lord, Hilla Sferruzza, Clinton Szubinski, Peter L Ax, Javier Feliciano, Raymond Oppel, Gerald W Haddock and Alison Sasser.
View institutional ownership trends.

How do I buy shares of Meritage Homes?

Shares of MTH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Meritage Homes own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Meritage Homes investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 12/31 Dividend: 12/17/2024
• Dividend Payable: 12/31/2024
• Last Earnings: 1/29/2025
• Today: 2/21/2025
• Dividend Payable: 3/31/2025
• Next Earnings (Estimated): 4/23/2025
• Fiscal Year End: 12/31/2025
• Ex-Dividend for 3/31 Dividend: 1/01/2100

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Operative builders
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:MTH
• CUSIP: 59001A10
• CIK: 833079
• Web: www.meritagehomes.com
• Phone: (480) 515-8100
• Fax: 480-998-9162
• Employees: 1,920
• Year Founded: 2015

Price Target and Rating

• Average Stock Price Target: $106.25
• High Stock Price Target: $118.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +44.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.0750
• Trailing P/E Ratio: 5.62
• Forward P/E Ratio: 7.79
• P/E Growth: N/A
• Net Income: $786.19 million
• Net Margins: 12.29%
• Pretax Margin: 15.68%
• Return on Equity: 15.90%
• Return on Assets: 11.36%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 1.61
• Quick Ratio: 1.75

Sales & Book Value

• Annual Sales: $6.40 billion
• Price / Sales: 0.83
• Cash Flow: $11.25 per share
• Price / Cash Flow: 6.53
• Book Value: $71.06 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 72,360,000
• Free Float: 70,912,000
• Market Cap: $5.32 billion
• Optionable: Optionable
• Beta: 1.88