Centric Wealth Management Takes Position in Meritage Homes Corporation $MTH

Centric Wealth Management purchased a new stake in Meritage Homes Corporation (NYSE:MTH) in the second quarter, HoldingsChannel reports. The firm purchased 9,202 shares of the construction company’s stock, valued at approximately $580,000.

Several other institutional investors have also recently bought and sold shares of MTH. Norges Bank acquired a new position in Meritage Homes during the 4th quarter worth $63,053,000. Balyasny Asset Management L.P. increased its stake in shares of Meritage Homes by 58.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after buying an additional 527,265 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Meritage Homes by 58.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock worth $75,051,000 after acquiring an additional 391,297 shares during the last quarter. Sophron Capital Management L.P. bought a new stake in shares of Meritage Homes during the second quarter worth $17,613,000. Finally, Millennium Management LLC lifted its stake in shares of Meritage Homes by 49.6% during the fourth quarter. Millennium Management LLC now owns 792,731 shares of the construction company’s stock valued at $52,162,000 after acquiring an additional 262,928 shares during the period. Institutional investors own 98.44% of the company’s stock.

Key Meritage Homes News

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

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $1.03 from $0.96, suggesting some expected improvement in that quarter.
• Neutral Sentiment: The current full-year consensus EPS estimate is approximately $5.04, while Zacks forecasts FY2026 EPS of $5.01, FY2027 EPS of $5.88 and FY2028 EPS of $7.01.
• Negative Sentiment: Nearer-term estimates were reduced: Q3 2026 EPS fell to $1.25 from $1.41, Q4 2026 EPS to $1.48 from $1.57, and FY2026 EPS to $5.01 from $5.17.
• Negative Sentiment: Several longer-term forecasts were also cut, including FY2027 EPS to $5.88 from $6.10 and FY2028 EPS to $7.01 from $7.36. Zacks lowered Q3 2027 EPS particularly sharply, to $1.48 from $1.72, as well as Q1 and Q2 2028 EPS to $1.12 and $1.89, respectively.
• Negative Sentiment: The revisions indicate analysts now expect weaker profitability than previously projected, which is likely weighing on Read More.. The cautious outlook comes after Meritage’s latest quarterly revenue declined 14.1% year over year, despite an earnings beat.

Meritage Homes Trading Down 0.6%

NYSE MTH opened at $73.21 on Friday. Meritage Homes Corporation has a 12 month low of $58.03 and a 12 month high of $85.38. The stock has a 50-day simple moving average of $75.10 and a 200 day simple moving average of $70.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.77 billion, a PE ratio of 15.32, a P/E/G ratio of 5.35 and a beta of 1.36.

Meritage Homes (NYSE:MTH) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The company’s revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.04 earnings per share. Research analysts forecast that Meritage Homes Corporation will post 5.04 EPS for the current year.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.92 annualized dividend and a yield of 2.6%. Meritage Homes’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analysts Forecast Growth

MTH has been the topic of several recent research reports. Bank of America decreased their price target on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group restated a “buy” rating and set a $88.00 target price (up from $86.00) on shares of Meritage Homes in a research report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. Finally, Wall Street Zen raised shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.25.

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.