Wedbush Reiterates Underperform on Meritage Homes, Maintains $148 Price Target
$MTH
Homebuilding
Consumer Discretionary
Wedbush analyst Jay McCanless reiterates Meritage Homes (NYSE:MTH) with a Underperform and maintains $148 price target.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/31/2024 | $205.00 → $235.00 | Neutral → Buy | Goldman |
| 10/15/2024 | $160.00 → $195.00 | Underperform → Neutral | Wedbush |
| 8/14/2024 | $230.00 | Peer Perform → Outperform | Wolfe Research |
| 8/5/2024 | $153.00 | Neutral → Sell | Seaport Research Partners |
| 7/24/2024 | $220.00 | Outperform | Raymond James |
| 4/2/2024 | $155.00 → $148.00 | Neutral → Underperform | Wedbush |
| 1/22/2024 | Buy → Neutral | Seaport Research Partners |
4 - Meritage Homes CORP (0000833079) (Issuer)
3 - Meritage Homes CORP (0000833079) (Issuer)
4 - Meritage Homes CORP (0000833079) (Issuer)
SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company")), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This dividend is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024. Meritage also announced that its Board of Directors has approved a $250 million increase to the Company's share repurchase authorization. This increase combined with $15 million in systematic buybacks on a quarter to date basis brings the Company's total authorized share repurchase program to $334 million as of
SCOTTSDALE, Ariz., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced its entry into the Gulf Coast markets through the acquisition of the assets of Elliott Homes. Elliott Homes ("Elliott") is a top five Gulf Coast homebuilder with operations in Mississippi, Alabama and the Florida panhandle. With this acquisition, Meritage will acquire over 5,500 lots and expects to commence production operations in existing entry-level communities before the end of the year, with a meaningful contribution from these operations in 2025. "This acquisition provides us with a respected team and valuable assets positioned in the hi
SCOTTSDALE, Ariz., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2024. Summary Operating Results (unaudited) (Dollars in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 % Chg 2024 2023 % ChgHomes closed (units) 3,942 3,638 8% 11,567 10,025 15%Home closing revenue$1,585,784 $1,610,317 (2)% $4,745,618 $4,415,261 7%Average sales price — closings$402 $443 (9)% $410 $440 (7)%Home orders (units) 3,512 3,474 1% 11,302 10,301 10%H
SC 13G/A - Meritage Homes CORP (0000833079) (Subject)
SC 13G/A - Meritage Homes CORP (0000833079) (Subject)
SC 13G/A - Meritage Homes CORP (0000833079) (Subject)
Raymond James downgraded Meritage from Outperform to Mkt Perform
Goldman upgraded Meritage from Neutral to Buy and set a new price target of $235.00 from $205.00 previously
Wedbush upgraded Meritage from Underperform to Neutral and set a new price target of $195.00 from $160.00 previously
Wedbush analyst Jay McCanless reiterates Meritage Homes (NYSE:MTH) with a Underperform and maintains $148 price target.
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
10-Q - Meritage Homes CORP (0000833079) (Filer)
8-K - Meritage Homes CORP (0000833079) (Filer)
DEFA14A - Meritage Homes CORP (0000833079) (Filer)
SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company")), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This dividend is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024. Meritage also announced that its Board of Directors has approved a $250 million increase to the Company's share repurchase authorization. This increase combined with $15 million in systematic buybacks on a quarter to date basis brings the Company's total authorized share repurchase program to $334 million as of
SCOTTSDALE, Ariz., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2024. Summary Operating Results (unaudited) (Dollars in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 % Chg 2024 2023 % ChgHomes closed (units) 3,942 3,638 8% 11,567 10,025 15%Home closing revenue$1,585,784 $1,610,317 (2)% $4,745,618 $4,415,261 7%Average sales price — closings$402 $443 (9)% $410 $440 (7)%Home orders (units) 3,512 3,474 1% 11,302 10,301 10%H
SCOTTSDALE, Ariz., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's third quarter 2024 results on Tuesday, October 29, 2024 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Wednesday, October 30, 2024. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 U.S. toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. About Meritage Meritage Homes is the fifth-largest public homebuilder in the United States,
SCOTTSDALE, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024. Her appointment demonstrates the Company's commitment to ongoing board refreshment as it increases its size to 11 directors. The Board plans to consider Ms. Lantz for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Ms. Lantz brings to the Meritage Board over 20 years of leadership experience and extensive knowledge in technology-related offerings. She currently serves
SCOTTSDALE, Ariz., June 18, 2024 (GLOBE NEWSWIRE) -- Meritage Homes, the fifth largest public homebuilder in the U.S., is pleased to share recent national accolades recognizing its commitment to energy efficiency, customer service excellence, and philanthropic efforts. ENERGY STAR® PARTNER of the Year – Sustained Excellence Award Meritage has been named an ENERGY STAR Partner of the Year by the Environmental Protection Agency (EPA) 11 times for its continued leadership in the energy-efficient homebuilding industry. The Company has completed over 126,000 ENERGY STAR certified homes since committing to build 100% energy-efficient homes in 2009. Meritage also received the EPA's ENERGY
SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi