Alison Sasser Sells 1,273 Shares of Meritage Homes (NYSE:MTH) Stock

Meritage Homes Corporation (NYSE:MTH) CAO Alison Sasser sold 1,273 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.11, for a total transaction of $79,066.03. Following the transaction, the chief accounting officer directly owned 7,634 shares of the company’s stock, valued at $474,147.74. The trade was a 14.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Alison Sasser also recently made the following trade(s):

• On Tuesday, February 24th, Alison Sasser sold 151 shares of Meritage Homes stock. The stock was sold at an average price of $76.80, for a total transaction of $11,596.80.

Meritage Homes Stock Performance

NYSE:MTH opened at $61.75 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $4.12 billion, a P/E ratio of 11.33, a PEG ratio of 2.72 and a beta of 1.43. The company has a 50 day moving average price of $64.70 and a 200 day moving average price of $69.03. Meritage Homes Corporation has a fifty-two week low of $58.03 and a fifty-two week high of $84.74.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). Meritage Homes had a return on equity of 8.08% and a net margin of 6.86%.The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $1.69 EPS. The business’s revenue for the quarter was down 17.5% on a year-over-year basis. Equities research analysts forecast that Meritage Homes Corporation will post 5.01 EPS for the current year.

Meritage Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.92 annualized dividend and a yield of 3.1%. This is a boost from Meritage Homes’s previous quarterly dividend of $0.43. Meritage Homes’s dividend payout ratio is 35.23%.

Institutional Investors Weigh In On Meritage Homes

A number of hedge funds and other institutional investors have recently modified their holdings of MTH. Royal Bank of Canada raised its holdings in shares of Meritage Homes by 134.3% in the 1st quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock valued at $2,740,000 after purchasing an additional 22,162 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Meritage Homes by 51.7% in the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock valued at $917,000 after purchasing an additional 4,407 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Meritage Homes by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Meritage Homes by 111.0% in the 1st quarter. Empowered Funds LLC now owns 32,971 shares of the construction company’s stock valued at $2,337,000 after purchasing an additional 17,343 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Meritage Homes by 102.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company’s stock valued at $22,621,000 after purchasing an additional 161,806 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MTH. Weiss Ratings cut shares of Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Meritage Homes from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. UBS Group set a $86.00 price target on shares of Meritage Homes and gave the company a “buy” rating in a research report on Friday, April 24th. Wall Street Zen cut shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Zacks Research cut shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Meritage Homes presently has an average rating of “Hold” and an average price target of $79.89.

Key Meritage Homes News

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

• Negative Sentiment: Zacks Research cut Meritage Homes’ earnings forecasts across multiple periods, including Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, and FY2028, signaling softer profit expectations ahead for MTH.
• Negative Sentiment: Zacks downgraded Meritage Homes from Hold to Strong Sell and published a “Bear of the Day” note, citing downward EPS revisions since the company’s April 22 earnings report. Article Title
• Negative Sentiment: Company CAO Alison Sasser sold 1,273 shares at $62.11, adding to cautious sentiment around insider activity at Meritage Homes.
• Neutral Sentiment: Recent estimates still call for full-year 2026 EPS of about $5.01, but the latest revisions suggest analysts see less momentum than before.

About Meritage Homes

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.