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Meritage Homes Corp (MTH) stock

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NYSE: MTH NYSE Homebuilding Next results ~January 27, 2027

Meritage Homes Corp is a US-listed company in the homebuilding industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$160

Valuation models combined (3)

Base case. Range ~$80–$200. Weighted average of 3 models (forward price-to-earnings vs peers, residual income, justified price-to-book).

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Meritage Homes Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 22 sales by directors and officers, last 12 monthsInsider trades
  • Funds203 adding, 205 cuttingOf 63 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Current signal Share count shrinking (buybacks): Diluted shares outstanding fell 6.9% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 6.9% in a year, so each share owns more of the business.

Things to watch

  • Heavily shorted. 11.8% of the shares available to trade are sold short (5.1 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 20.4% over 90 days.

Latest results

Earnings per share
$1.11 against an average estimate of $1.15: missed by 3.1%
Share reaction
+0.9% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $1.20

Meritage Homes' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.0%
  • 1 week+8.5%
  • 1 month+8.1%
  • This year+7.2%
  • 1 year+5.0%
  • 5 years+35.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$4.43

Growth

Share count change
−6.9%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Governance
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Meritage Homes Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Meritage Homes Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: no revenue, margin or share count to start from
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$80 ~$65–$100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$200 ~$140–$300 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$190 ~$160–$230 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$160 ~$80–$200 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Meritage Homes Corp with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.80 −24% $4.9bn −15%
Next $5.01 +4% $5.3bn +8%

Next year's EPS estimate has moved −20.4% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.0% on 90 days ago. In the last 30 days, 0 analysts raised Meritage Homes Corp's forecast and 3 cut it.

Consensus EPS forecast Meritage Homes Corp, last 90 days
$4.50 $5.00 $5.50 $6.00 $6.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.01 Current fiscal year, 60 days ago: $5.00 Current fiscal year, 30 days ago: $4.95 Current fiscal year, 7 days ago: $4.84 Current fiscal year, Now: $4.80 $4.80 Next fiscal year, 90 days ago: $6.29 Next fiscal year, 60 days ago: $6.10 Next fiscal year, 30 days ago: $5.87 Next fiscal year, 7 days ago: $5.50 Next fiscal year, Now: $5.01 $5.01

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.01$6.29
60 days ago $5.00$6.10
30 days ago $4.95$5.87
7 days ago $4.84$5.50
Now $4.80$5.01

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.15 $1.11 −3.1%
Jun 2026 $1.30 $1.42 +9.4%
Mar 2026 $0.98 $0.86 −11.9%
Dec 2025 $1.52 $1.20 −21.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy333%
Hold667%
Sell00%

Monthly trend

  1. Oct 20261269
  2. Sep 20261359
  3. Aug 20261449
  4. Jul 20261449

Counts of recommendations published by analysts covering Meritage Homes Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.8%
of tradable shares
Days to cover
5.09
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.6%
of shares
Employees
1,860
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MTH+47%−25%+91%−10%−12%+7%
Industry peers (median)+54%−29%+92%−3%−11%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MTH75%50%67%42%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MTH−25%−47%−27%−29%−24%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 64% from October 24, 2019 to March 18, 2020. Getting back needed a 180% gain, reached on June 16, 2020, 90 days after the low.

Price behaviour

52-week range
$57.85 – $84.55
From 52-week high
−18.4%
vs 50-day average
+7.7%
vs 200-day average
+1.4%
Volatility (1 year)
40%
Beta vs S&P 500
0.93

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.1%
After a week
5 up, 6 down
typical move ±5.2%
After a month
4 up, 7 down
typical move ±5.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +0.9% 0.0% — —
July 29, 2026 −3.3% +0.1% +2.3% −3.7%
April 22, 2026 +0.6% +0.6% −3.6% −8.1%
January 28, 2026 +0.6% −0.2% +8.4% +8.4%
October 28, 2025 −6.1% +0.3% −8.5% +3.5%
July 23, 2025 −5.7% +0.9% −9.8% −0.6%
April 23, 2025 +1.1% +3.7% 0.0% −5.6%
January 29, 2025 +0.2% +0.1% −4.6% −10.4%
October 29, 2024 −3.8% −0.1% +3.4% +2.6%
July 24, 2024 −2.3% −2.8% +2.6% −2.4%
April 24, 2024 +4.3% −0.4% +5.3% +9.2%
January 31, 2024 −8.8% −0.3% −8.9% −5.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$435M
Dividends (TTM)
$124M
Returned to shareholders
115%
of free cash flow
Buybacks, last 3 fiscal years
$480M
Diluted share count
−6.9%
year over year
Dividend payout ratio
42%
of net income paid out

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Real Estate $5.8B ▼ 8.5%
Home Building $5.8B ▼ 9.1%
Land $60.8M ▲ 172.5%
Financial Service $33.2M ▲ 6.5%

These categories overlap or exclude eliminations, so shares aren't shown.

From Meritage Homes Corp's 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.7B
Institutions reporting
397
Shares held vs prior quarter
▲ 2.8%
Positions opened / closed
53 / 61

Top buyers and sellers, Q2 2026: 203 institutions bought and 205 sold ; the biggest buyer was BAMCO Inc (+1.3M shares) and the biggest seller Vaughan Nelson Investment Management, L.P (−676K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 12.2M 18.1% ▲ 4.3%
Vanguard Portfolio Management LLC $339M 4.0M 6.0% ▲ 2.0%
FMR LLC $328M 3.9M 5.8% ▲ 9.2%
State Street Corp $301M 3.6M 5.3% ▲ 4.1%
Vanguard Capital Management LLC $243M 2.9M 4.3% ▲ 0.5%
Dimensional Fund Advisors LP $241M 2.9M 4.2% ▼ 0.2%
Capital World Investors $171M 2.0M 3.0% ▲ 2.7%
Two Sigma Investments, LP $154M 1.8M 2.7% ▲ 31.3%
Geode Capital Management, LLC $144M 1.7M 2.5% ▲ 3.4%
Goldman Sachs Group Inc $121M 1.4M 2.1% ▲ 3.2%
BAMCO Inc $112M 1.3M 2.0% New
Greenhaven Associates Inc $109M 1.3M 1.9% ▼ 10.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Meritage Homes Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5M 22 trades by 7 insiders · 91% under pre-set plans
Net ▼ $5M net selling
Insider Date Trade Shares Price Value
Sasser Alison SVP - Chief Accounting Officer May 12, 2026 Sell 1,273 $62.11 $79,066
Woffinden Austin M EVP, Corp. Ops & Strategy February 24, 2026 Sell pre-set plan 143 $76.80 $10,982
Sasser Alison SVP - Chief Accounting Officer February 24, 2026 Sell pre-set plan 151 $76.80 $11,597
Lord Phillippe Chief Executive Officer February 23, 2026 Sell pre-set plan 6,688 $76.05 $508,622
Lord Phillippe Chief Executive Officer February 23, 2026 Sell pre-set plan 25,963 $76.60 $2M
Lord Phillippe Chief Executive Officer February 23, 2026 Sell pre-set plan 169 $77.81 $13,150
Sferruzza Hilla EVP- Chief Financial Officer February 23, 2026 Sell pre-set plan 200 $77.59 $15,518
Sferruzza Hilla EVP- Chief Financial Officer February 23, 2026 Sell pre-set plan 5,618 $76.62 $430,451
Sferruzza Hilla EVP- Chief Financial Officer February 23, 2026 Sell pre-set plan 5,110 $76.00 $388,360
Feliciano Javier EVP Chief People Officer February 23, 2026 Sell pre-set plan 2,910 $75.99 $221,131
Feliciano Javier EVP Chief People Officer February 23, 2026 Sell pre-set plan 115 $77.86 $8,954
Feliciano Javier EVP Chief People Officer February 23, 2026 Sell pre-set plan 555 $77.20 $42,846

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Meritage Homes Corp disclosed in the last 12 months; 2 earlier trades on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 4, 2019, filed April 27, 2020
  • Donna Shalala(FL):Sale (partial), $1,001 - $15,000, traded May 15, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 22, 2026
  • January 28, 2026
  • October 28, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Meritage Homes Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Meritage Homes Corp in brief

What does Meritage Homes Corp do?
Meritage Homes Corp is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is Meritage Homes Corp's stock ticker?
Meritage Homes Corp trades under the ticker MTH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Meritage Homes Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Meritage Homes Corp buying back stock, and does it pay a dividend?
Meritage Homes Corp spent $435M on share repurchases over the trailing twelve months, and its diluted share count fell 6.9% over the year.
Does Meritage Homes Corp pay a dividend?
Yes: Meritage Homes Corp paid $124M in dividends over the trailing twelve months and a payout ratio of 41.5%.
Are insiders buying or selling Meritage Homes Corp stock?
Over the last 12 months, Meritage Homes Corp's directors and officers reported 0 open-market purchases and 22 sales on Form 4. The insider trading page charts every trade.
When is Meritage Homes Corp's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Meritage Homes Corp announces its own schedule.