Evercore ISI Lowers Meritage Homes (NYSE:MTH) Price Target to $78.00

Meritage Homes (NYSE:MTH) had its price objective reduced by equities researchers at Evercore ISI from $82.00 to $78.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “in-line” rating on the construction company’s stock. Evercore ISI’s price target points to a potential upside of 15.38% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Zelman & Associates raised Meritage Homes to a “strong-buy” rating in a research note on Thursday, July 24th. Wedbush reduced their price objective on Meritage Homes from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. UBS Group set a $101.00 target price on Meritage Homes and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Meritage Homes from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Meritage Homes presently has an average rating of “Hold” and an average price target of $83.43.

Meritage Homes Price Performance

Meritage Homes stock opened at $67.60 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.16 and a current ratio of 1.95. The firm has a market cap of $4.81 billion, a P/E ratio of 6.87 and a beta of 1.42. The business’s fifty day moving average is $73.70 and its two-hundred day moving average is $70.50. Meritage Homes has a 52 week low of $59.27 and a 52 week high of $98.74.

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

Insider Buying and Selling

In related news, CEO Phillippe Lord sold 6,950 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $80.01, for a total value of $556,069.50. Following the completion of the sale, the chief executive officer owned 221,320 shares in the company, valued at approximately $17,707,813.20. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Meritage Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in Meritage Homes in the second quarter valued at about $33,000. Assetmark Inc. increased its holdings in Meritage Homes by 166.5% in the first quarter. Assetmark Inc. now owns 581 shares of the construction company’s stock valued at $41,000 after purchasing an additional 363 shares during the last quarter. Signaturefd LLC increased its holdings in Meritage Homes by 54.9% in 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 during the last quarter. Whittier Trust Co. increased its holdings in Meritage Homes by 100.0% in the first quarter. Whittier Trust Co. now owns 660 shares of the construction company’s stock valued at $47,000 after purchasing an additional 330 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Meritage Homes by 194.9% in the second 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 during the last quarter. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Company Profile

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.