Meritage Homes Corporation (MTH) Stock Falls on Q1 2026 Earnings

Meritage Homes Corporation (MTH) reported first-quarter 2026 revenue of $1.12 billion, down 17.7% year-over-year.

Gross profit: $196.2 million (down 35.9% YoY).

Operating profit: $65.3 million (down 56.5% YoY).

Net income attributable to common shareholders: $55.3 million (down 55.0% YoY).

Diluted earnings per share: $0.82 (down 51.5% YoY).

Results missed analyst expectations:

Revenue estimate: $1.21 billion vs actual $1.12 billion.

EPS estimate: $1.03 vs actual $0.82.

Cash flow and balance-sheet highlights:

Cash from operating activities: $101.3 million (down 338.0% YoY).

Purchases of property, plant and equipment: $(4.31 million) (down 23.0% YoY).

Cash and cash equivalents: $766.6 million (down 24.2% YoY).

Total liabilities: $2.46 billion (down 1.8% YoY).

Cost of sales was $927.3 million (down 12.8% YoY). The stock traded weaker after the release, changing by -2.39% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Meritage Homes Corporation Insider Trading Activity

Meritage Homes Corporation insiders have traded $MTH stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.

Here’s a breakdown of recent trading of $MTH stock by insiders over the last 6 months:

PHILLIPPE LORD (Chief Executive Officer) has made 0 purchases and 4 sales selling 37,820 shares for an estimated $2,910,888.
HILLA SFERRUZZA (EVP- Chief Financial Officer) has made 0 purchases and 3 sales selling 10,928 shares for an estimated $834,329.
MALISSIA CLINTON (EVP - Gen. Counsel, Secretary) has made 0 purchases and 3 sales selling 5,185 shares for an estimated $394,617.
STEVEN J HILTON (Executive Chairman) has made 0 purchases and 2 sales selling 4,835 shares for an estimated $368,106.
JAVIER FELICIANO (EVP Chief People Officer) has made 0 purchases and 3 sales selling 3,580 shares for an estimated $272,930.
AUSTIN M WOFFINDEN (EVP, Corp. Ops & Strategy) has made 0 purchases and 3 sales selling 1,053 shares for an estimated $82,949.
ALISON SASSER (SVP - Chief Accounting Officer) has made 0 purchases and 3 sales selling 989 shares for an estimated $77,978.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Meritage Homes Corporation Hedge Fund Activity

We have seen 171 institutional investors add shares of Meritage Homes Corporation stock to their portfolio, and 240 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DENDUR CAPITAL LP removed 891,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $58,627,800
MACQUARIE GROUP LTD removed 838,425 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $55,168,365
VICTORY CAPITAL MANAGEMENT INC removed 611,884 shares (-86.5%) from their portfolio in Q4 2025, for an estimated $40,261,967
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 553,832 shares (-74.9%) from their portfolio in Q4 2025, for an estimated $36,442,145
GRS ADVISORS, LLC added 514,743 shares (+inf%) to their portfolio in Q4 2025, for an estimated $33,870,089
TWO SIGMA INVESTMENTS, LP added 495,120 shares (+412.8%) to their portfolio in Q4 2025, for an estimated $32,578,896
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 461,564 shares (-57.6%) from their portfolio in Q4 2025, for an estimated $30,370,911

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Meritage Homes Corporation Analyst Ratings

Wall Street analysts have issued reports on $MTH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 01/06/2026

To track analyst ratings and price targets for Meritage Homes Corporation, check out Quiver Quantitative's $MTH forecast page.

Meritage Homes Corporation Price Targets

Multiple analysts have issued price targets for $MTH recently. We have seen 7 analysts offer price targets for $MTH in the last 6 months, with a median target of $76.0.

Here are some recent targets:

Rafe Jadrosich from B of A Securities set a target price of $72.0 on 04/20/2026
Jonathan Bettenhausen from Truist Securities set a target price of $80.0 on 04/16/2026
Stephen Kim from Evercore ISI Group set a target price of $69.0 on 04/13/2026
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $76.0 on 02/03/2026
John Lovallo from UBS set a target price of $101.0 on 01/23/2026
James McCanless from Citizens set a target price of $90.0 on 01/07/2026
Michael Rehaut from JP Morgan set a target price of $69.0 on 11/04/2025