Meritage Homes Corporation (MTH) Stock Price & Analysis
Meritage Homes Corporation (MTH) closed at USD 63.63 on Thursday, October 22, 2026, up 7.27% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 59.32; the Oct 22, 2026 session ranged USD 59.51–63.71 on volume of 1,284,677 shares. Market capitalization is $4.15B, with a 52-week range of USD 56.66–85.38 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:20 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MTH.md
Key facts (MTH)
- Valuation: P/E 12.6x (avg 8.8x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold MTH (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $79K; 1 not under a Rule 10b5-1 plan ($79K); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.44 on a 1–5 scale) (9 analysts), mean target USD 74 (range 59–90).
- Total return with dividends: 1Y -8.7% vs S&P 500 +14.9%; 5Y +31.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 1.14, revenue estimate $1.29B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MTH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $737M | $992M | $739M | $786M | $453M | $329M |
| EPS (diluted) | $9.64 | $13.37 | $9.96 | $10.72 | $6.35 | — |
| Free cash flow | -$178M | $378M | $317M | -$256M | $92.6M | $415M |
| Cash + short-term investments | $618M | $862M | $921M | $652M | $775M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MTH)
P/E 12.6x · P/FCF 10.0x · P/B 0.8x · FCF yield 10.00% · Earnings yield 7.94% · Dividend yield (paid, TTM) 2.96% · Buyback yield (TTM) 10.49%
P/E at fiscal year-ends: Dec 2025 10.4x, Dec 2024 7.2x, Dec 2023 8.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (MTH)
1 of 80 tracked investors hold MTH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greenhaven Associates | 1.26% | $109M | Reduced -10.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (MTH)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-12 | Sasser Alison | SVP - Chief Accounting Officer | 1,273 | $79K | 14.3% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MTH)
Consensus Buy (mean 2.44 on a 1–5 scale), 9 analysts; mean target USD 74 (low 59, high 90).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Goldman Sachs | Target lowered | Buy | $93 → $82 |
| 2026-10-06 | Melius Research | Initiated | Sell | $59 |
| 2026-09-25 | Evercore ISI Group | Target lowered | In-Line | $73 → $65 |
| 2026-09-16 | Truist Securities | Downgrade | Buy → Hold | $80 → $72 |
| 2026-07-31 | UBS | Target raised | Buy | $86 → $88 |
| 2026-07-10 | Goldman Sachs | Target raised | Buy | $82 → $93 |
| 2026-07-07 | Zelman & Assoc | Downgrade | Outperform → Neutral |
Total return (dividends reinvested) (MTH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -8.7% | +31.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -8.7% | +5.6% |
| Volatility (annualized) | 38.8% | 38.9% |
| Max drawdown | -31.6% (Jun 2026→Oct 2026) | -46.1% (Dec 2021→Jun 2022) |
MTH revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real Estate | $1.40B | — | -13.8% |
| Home Building | $1.39B | — | -14.1% |
| Land | $12.7M | — | +53.7% |
| Financial Service | $7.8M | — | -17.4% |
| Total revenue | — | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MTH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Homes | “Our marketing strategy is aimed at differentiating Meritage Homes by focusing on real estate agents as our primary customer, supported by our Agents Rock Rewards program, which provides opportunities for real estate agents to grow their business with Meritage Homes.” |
Quoted from the company's 10-K filed Feb 13, 2026.
MTH company outlook (results filed Jul 29, 2026)
- “And while we moderated land spend to $357 million from $509 million in the second quarter of 2025, we are reiterating our prior community count growth expectation of 5-10% year-over-year for full year 2026," concluded Mr.”
- “Such statements include expectations about the housing market in general and our future results including our full year 2026 projected home closing volume, home closing revenue and community count growth.”
Quoted word-for-word from the SEC 8-K results press release.
MTH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.14 | $1.40 | -18.8% | $1.29B | 6 |
| Next quarter (ends Dec 2026) | $1.40 | $1.51 | -7.1% | $1.50B | 6 |
| Current fiscal year (ends Dec 2026) | $4.80 | $5.01 | -4.0% | $5.33B | 6 |
| Next fiscal year (ends Dec 2027) | $5.50 | $6.48 | -15.2% | $5.65B | 7 |
MTH options: expected move
Options price a move of about ±9.8% (±$6.23) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±2.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 43.6% | ±9.8% |
| Dec 18, 2026 | 56 | 41.1% | ±13.0% |
| Mar 19, 2027 | 147 | 39.6% | ±19.8% |
| Jun 17, 2027 | 237 | 39.9% | ±24.9% |
30-day implied volatility 43.3% vs 40.9% realized over the last 30 trading days. Put/call ratio (volume) 1.6. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:20 UTC)
| Price | USD 63.63 |
|---|---|
| Change | ▲ 7.27% (up) |
| Previous Close | USD 59.32 |
| Open | USD 59.31 |
| Day Range | USD 59.51 – 63.71 |
| 52-Week Range | USD 56.66 – 85.38 |
| Volume | 1,284,677 shares |
| Market Cap | $4.15B |
| Exchange | NYQ |
Technical Analysis (MTH)
Nexqual's technical model rates MTH "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:20 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 53.91 (neutral) |
| vs SMA50 | Below (USD 65.32) |
| MACD | -1.45 (negative) |
Analyst Ratings (MTH)
Wall Street analysts rate MTH "Buy" based on 9 analysts, with a mean price target of USD 74 (range USD 59–90), per Nexqual as of October 23, 2026 at 09:20 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 74 |
| High Target | USD 90 |
| Low Target | USD 59 |
| Buy / Hold / Sell | 4 / 5 / 0 |
Earnings (MTH)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 1.14 |
| Revenue Estimate | $1.29B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.42 vs est 1.3 ▲ beat |
| 2026-03-31 | USD 0.86 vs est 0.98 ▼ miss |
| 2025-12-31 | USD 1.2 vs est 1.52 ▼ miss |
| 2025-09-30 | USD 1.55 vs est 1.72 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Financials & Fundamentals (MTH)
| Total Revenue | $5.39B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -13.80% |
| Gross Margin | +18.28% |
| Operating Margin | +8.19% |
| Profit Margin | +6.11% |
| ROE | +6.38% |
| Debt / Equity | 0.38 |
| Current Ratio | 14.36 |
| Total Cash | $807.27M |
| Total Debt | $1.91B |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Financial Health Score (MTH)
Nexqual rates Meritage Homes Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:20 UTC.
| Growth | Weak — Revenue -8% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 18%, operating 8% (last 12 months) |
| Balance Sheet | Strong — $807M cash vs $1.91B debt |
| Cash Flow | Solid — Operating cash flow $118M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 6%, ROA 3.3% |
Ownership (MTH)
| Insider Ownership | +2.60% |
|---|---|
| Institutional Ownership | +105.97% |
| Shares Outstanding | 65.17M |
| Float | 63.46M |
| Short % of Float | +8.99% |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
Leadership (MTH)
Meritage Homes Corporation is led by Phillippe Lord, CEO, Executive VP & Director, per Nexqual as of October 23, 2026 at 09:20 UTC.
| CEO, Executive VP & Director | Phillippe Lord |
|---|---|
| Executive Chairman | Steven J. Hilton |
| CFO & Executive VP | Hilla Sferruzza |
| Vice President of Investor Relations & ESG | Emily Tadano |
| Southern California Division President | Elliot A. Mann |
Major Backers & Investors (MTH)
Notable institutional backers of Meritage Homes Corporation include FMR, LLC, Capital Group, SmallCap World Fund Inc, according to Nexqual as of October 23, 2026 at 09:20 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 6.01% |
| Capital Group | 3.13% |
| SmallCap World Fund Inc | 3.05% |
| Two Sigma Investments, LP | 2.82% |
| Goldman Sachs | 2.21% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 18.76% |
| Vanguard Group | 10.65% |
| State Street | 5.52% |
| Dimensional Fund Advisors | 4.41% |
| Geode Capital | 2.64% |
Source: Nexqual, October 23, 2026 at 09:20 UTC.
From Meritage Homes Corporation's Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- In recognition of our efforts, we have received various national and regional awards, including most recently: •Newsweek's 2025 America's Greenest Companies; •2024 EPA's ENERGY STAR® Partner of the Year for Sustained Excellence for the eleventh year (1); •2013 - 2024 EPA's ENERGY STAR® Residential New Construction Market Leader Award (1); (1) The EPA did not issue any awards during 2025. •Various 2025 AvidCX™ Benchmark customer service awards across multiple divisions.
- Midway through 2024, we introduced a strategic shift of selling homes later in the construction process which enables us to compete more effectively with the resale home market by shortening the delivery time from sale to close, aligning more closely with typical resale home closing timelines.
- Environmental Protection Agency ("EPA"), we will continue to monitor developments and adjust our approach as needed.
- Our scale and purchasing power allow us to secure volume discounts from national vendors, helping offset some of these cost pressures.
Partnerships
- Meritage Homes Insurance Agency, Inc. ("Meritage Insurance"), our wholly-owned insurance broker, works in collaboration with insurance companies nationwide to offer homeowners insurance and other insurance products to our homebuyers.
- Our move-in ready homes include a suite of appliances and whole home blinds, and our 60-day closing ready commitment guarantees the home will be closing ready in 60 days or less, or Meritage will reimburse the buyer up to $5,000 of expenses if the deadline is missed.
Legal & Regulatory Risks (Item 1A, quoted)
- Our income tax provision and other tax liabilities may be insufficient if taxing authorities initiate and are successful in asserting tax positions that are contrary to our position.
- Failure to comply with laws and regulations by our employees or representatives may harm us.
- We are subject to extensive government regulations that could cause us to incur significant liabilities or restrict our business activities.
- Regulatory requirements could cause us to incur significant liabilities and costs and could restrict our business activities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CVCO | Cavco Industries, Inc. | USD 547.44 | ▲ 6.04% |
| SKY | Champion Homes, Inc. | USD 79.72 | ▲ 5.27% |
| IBP | Installed Building Products, In | USD 198.13 | ▲ 5.46% |
| MHO | M/I Homes, Inc. | USD 123.3 | ▲ 8.12% |
| KBH | KB Home | USD 46.19 | ▲ 7.39% |
| GRBK | Green Brick Partners, Inc. | USD 64.94 | ▲ 7.02% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:20 UTC. This page is informational and not investment advice.
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