Wedbush Comments on Meritage Homes’ Q2 Earnings (NYSE:MTH)

Meritage Homes Co. (NYSE:MTH) – Equities researchers at Wedbush dropped their Q2 2025 EPS estimates for shares of Meritage Homes in a note issued to investors on Tuesday, January 7th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $2.80 per share for the quarter, down from their previous forecast of $2.81. Wedbush has a “Neutral” rating and a $103.00 price target on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $21.27 per share. Wedbush also issued estimates for Meritage Homes’ Q4 2026 earnings at $3.74 EPS.

Meritage Homes (NYSE:MTH) last released its earnings results on Tuesday, October 29th. The construction company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.15. Meritage Homes had a return on equity of 16.89% and a net margin of 12.63%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $2.99 EPS. Meritage Homes’s quarterly revenue was down 1.5% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $98.50 price target (down from $110.00) on shares of Meritage Homes in a research note on Friday, December 13th. The Goldman Sachs Group raised Meritage Homes from a “neutral” rating to a “buy” rating and upped their price target for the company from $102.50 to $117.50 in a report on Thursday, October 31st. StockNews.com raised Meritage Homes from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their target price on shares of Meritage Homes from $105.00 to $99.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James lowered shares of Meritage Homes from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Meritage Homes presently has a consensus rating of “Hold” and a consensus target price of $109.56.

Meritage Homes Price Performance

Shares of NYSE:MTH opened at $76.12 on Friday. 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 $2.75 billion, a P/E ratio of 3.45 and a beta of 1.82. The firm’s 50 day moving average is $89.53 and its two-hundred day moving average is $92.51. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26.

Meritage Homes Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.50 annualized dividend and a dividend yield of 1.97%. Meritage Homes’s dividend payout ratio (DPR) is currently 13.58%.

Institutional Trading of Meritage Homes

Large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC raised its position in Meritage Homes by 734.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 272,122 shares of the construction company’s stock worth $55,804,000 after purchasing an additional 239,511 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Meritage Homes in the 3rd quarter valued at $44,029,000. Point72 Asset Management L.P. acquired a new stake in shares of Meritage Homes during the third quarter worth $36,365,000. FMR LLC increased its holdings in Meritage Homes by 75.1% in the third quarter. FMR LLC now owns 347,227 shares of the construction company’s stock valued at $71,206,000 after purchasing an additional 148,898 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Meritage Homes by 26.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 483,159 shares of the construction company’s stock worth $99,081,000 after buying an additional 102,502 shares during the period. 98.44% of the stock is currently owned by institutional investors.

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.