Meritage Homes Corporation (NYSE:MTH) to Issue Quarterly Dividend of $0.43

Meritage Homes Corporation (NYSE:MTH) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Wednesday, December 17th will be paid a dividend of 0.43 per share by the construction company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, December 17th.

Meritage Homes has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Meritage Homes to earn $10.77 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 16.0%.

Meritage Homes Stock Performance

Shares of MTH stock traded up $3.97 on Friday, hitting $69.65. The company had a trading volume of 317,558 shares, compared to its average volume of 954,588. Meritage Homes has a twelve month low of $59.27 and a twelve month high of $98.74. The company has a quick ratio of 2.16, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.90 billion, a P/E ratio of 7.08 and a beta of 1.35. The company has a 50-day moving average price of $70.17 and a 200-day moving average price of $70.46.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on MTH shares. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. UBS Group set a $101.00 price objective on shares of Meritage Homes and gave the company a “buy” rating in a report on Thursday, October 30th. Evercore ISI lowered their target price on shares of Meritage Homes from $82.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Bank of America dropped their target price on Meritage Homes from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods reduced their price target on Meritage Homes from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.71.

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.