Wolfe Research Weighs in on Meritage Homes Q4 Earnings

Meritage Homes Corporation (NYSE:MTH) – Investment analysts at Wolfe Research decreased their Q4 2026 earnings per share estimates for shares of Meritage Homes in a research note issued to investors on Thursday, October 29th. Wolfe Research analyst T. Allinson now anticipates that the construction company will post earnings of $0.87 per share for the quarter, down from their previous estimate of $1.33. Wolfe Research has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Wolfe Research also issued estimates for Meritage Homes’ FY2027 earnings at $4.48 EPS.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group set a $82.00 price objective on Meritage Homes and gave the company a “buy” rating in a report on Monday, October 12th. Truist Financial reduced their target price on shares of Meritage Homes from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, October 30th. UBS Group decreased their price target on shares of Meritage Homes from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Evercore set a $65.00 price target on shares of Meritage Homes in a research report on Friday, September 25th. Finally, Melius Research assumed coverage on shares of Meritage Homes in a research note on Tuesday, October 6th. They set a “sell” rating and a $59.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Meritage Homes currently has a consensus rating of “Hold” and a consensus price target of $72.44.

Meritage Homes Stock Up 9.4%

Shares of MTH opened at $73.40 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.72. Meritage Homes has a one year low of $56.66 and a one year high of $85.38. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 5.09 and a beta of 1.31. The stock has a 50 day moving average price of $64.12 and a 200 day moving average price of $68.90.

Meritage Homes (NYSE:MTH) last released its earnings results on Wednesday, October 28th. The construction company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Meritage Homes had a net margin of 5.79% and a return on equity of 6.69%. The business’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS.

Institutional Trading of Meritage Homes

A number of hedge funds and other institutional investors have recently modified their holdings of MTH. Bamco Inc. NY acquired a new position in shares of Meritage Homes during the 2nd quarter valued at about $112,498,000. Bank of New York Mellon Corp acquired a new stake in Meritage Homes during the second quarter worth about $68,873,000. Algert Global LLC raised its stake in Meritage Homes by 267.8% during the second quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock worth $29,861,000 after purchasing an additional 259,291 shares during the period. Atlas FRM LLC purchased a new position in Meritage Homes during the second quarter worth about $18,447,000. Finally, Deutsche Bank AG acquired a new position in Meritage Homes in the 2nd quarter valued at about $14,510,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Meritage Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, September 15th. Meritage Homes’s dividend payout ratio is presently 43.34%.

More Meritage Homes News

Here are the key news stories impacting Meritage Homes this week:

• Neutral Sentiment: Citizens JMP and Keefe, Bruyette & Woods issued forecasts extending into 2028. Although their FY2028 estimates of $5.40 and $5.58 per share, respectively, are above the current-year consensus of $4.86, both firms also lowered earlier projections for several periods. Meritage Homes analyst estimates
• Negative Sentiment: Multiple analysts cut estimates for upcoming quarters and fiscal years. Citizens JMP reduced its FY2027 forecast from $5.50 to $4.25 per share and its Q4 2026 estimate from $1.62 to $0.70. Keefe, Bruyette & Woods lowered its FY2027 estimate from $5.95 to $4.59, while Wolfe Research cut its FY2027 forecast from $5.86 to $4.48. Analyst estimate reductions
• Negative Sentiment: Melius Research made especially steep reductions: its FY2027 EPS forecast fell from $4.69 to $2.94, and its FY2028 forecast from $5.91 to $3.71. The firm maintains a Sell rating and a $59 price target, adding to the bearish signal. Melius Research forecast cuts and rating

About Meritage Homes

Meritage Homes Corporation is a residential construction company that designs and builds single-family homes in the United States. The company primarily serves entry-level and first-time homebuyers, offering homes in a range of floor plans and communities designed around affordability, energy efficiency and modern features.

Meritage Homes sells homes through its own communities and provides related services, including land acquisition and development, home design, construction, sales and customer support.