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USConsumer Cyclical

Meritage Corporation (MTH)

US · Consumer Cyclical · Residential Construction

$64.62+1.03%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$1.47B
Revenue YoY
-9.9%
Net profit
$90.6M
Profit YoY
-38.3%
EPS
$1.42
EPS estimate
$1.30
Net margin
6.2%

EPS came in at 1.42 against a street estimate of 1.30 — a beat of 9.2%.

Key statistics

Market cap
$4.19B
P/E
13.4
Forward P/E
12.5
P/B
0.83
Book value
$77.61
EPS (TTM)
$4.80
Dividend yield
2.94%
52-week high
$85.38
52-week low
$57.65
50-day MA
$72.11
200-day MA
$70.26
Beta
1.36

Analyst view

Analysts rate Meritage Corporation a buy (5 buy, 5 hold, 0 sell out of 10) with an average price target of $82.38.

From the latest earnings call · 2026-07-30

CAUTIOUS MTH delivered Q2 orders 9% below prior year amid softer spring demand, but maintained 18.6% adjusted margins through cost discipline and lower lot spend. Full-year guidance raised modestly; Q3 outlook softens on rates. Q2 2026 Highly localized patterns within each region. Strength correlated with low inventory; weakness where affordability or competition required restraint. Rates temporarily lower mid-Q2 boosted some markets. Analysts pressed on margin beats, 1MU strategy credibility (opportunistic vs. long-term), Q4 delivery visibility despite soft Q3, and cost savings sustainability. MTH stressed operational discipline, long-term underwriting, and community count growth as primary lever—avoiding incentive escalation to force pace. 2026-07-30…

Full summary in the app.

Shareholding

Insiders
2.60%
Institutions
105.98%

Largest institutional holders

FundStake
BlackRock Inc17.99%
Vanguard Portfolio Management, LLC6.09%
FMR Inc5.51%
State Street Corp5.30%
Vanguard Capital Management, LLC4.42%
Dimensional Fund Advisors, Inc.4.41%
Capital World Investors3.13%
Two Sigma Investments LLC2.82%

Recent filings & reports

DocumentDate
Charter / bylaws change · Q3 2026
MERITAGE HOMES CORPORATION – FORM 8-K SUMMARY OTHER NOTABLE POINTS • Bylaw Amendment – Special Meeting Threshold: Board of Directors reduced the own
2026-08-25
Quarterly report · Q2 2026
MERITAGE HOMES CORPORATION – FORM 10-Q SUMMARY Quarter Ended June 30, 2026 --- HEADLINE NUMBERS • Net earnings (6 months): $145.9 million, down 46%
2026-07-31
Results announced · Q3 2026
MERITAGE HOMES Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 homes closed: 3,725 units, down 11% YoY (Q2 2025: 4,170) • Q2 2026 home closing r
2026-07-29
Material agreement · Q2 2026
MERITAGE HOMES CORPORATION – FORM 8-K SUMMARY HEADLINE NUMBERS • Credit facility size increased to $980.0 million (from previous amount, now larger)
2026-06-29
Shareholder vote results · Q2 2026
MERITAGE HOMES CORPORATION - FORM 8-K SUMMARY HEADLINE NUMBERS • Annual Meeting of Stockholders held May 21, 2026 in virtual-only format • Total vot
2026-05-21
Quarterly report · Q1 2026
MERITAGE HOMES CORPORATION – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Net earnings: $55.3 million (Q1 2026) vs. $122.8 million (Q1 2025) – down 55% •
2026-04-24
Proxy statement · Q4 2025
MERITAGE HOMES CORPORATION – 2026 PROXY STATEMENT SUMMARY --- CEO TOTAL COMPENSATION & CHANGE • CEO Phillippe Lord's compensation figures are NOT d
2026-04-07
Annual report FY2025
MERITAGE HOMES CORPORATION – 2025 10-K SUMMARY HEADLINE NUMBERS • Revenue: Home closing revenue $5.8 billion (down 9.1% year-over-year) • Earnings:
2026-02-13

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.48 / share
ex-date Sep 15, 2026 · pay Sep 30, 2026
2026-09-15
Dividend$0.48 / share
ex-date Jun 16, 2026 · pay Jun 30, 2026
2026-06-16
Dividend$0.48 / share
ex-date Mar 17, 2026 · pay Mar 31, 2026
2026-03-17
Dividend$0.43 / share
ex-date Dec 17, 2025 · pay Dec 31, 2025
2025-12-17
Dividend$0.43 / share
ex-date Sep 16, 2025 · pay Sep 30, 2025
2025-09-16
Split2 : 1
effective Jan 3, 2025
2025-01-03

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Data updated 2026-09-18.