Truist cuts target for Meritage Homes stock from USD 80.00 to USD 72.00

Published on 10/06/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 14.10 percent to USD 1.41 billion in the second quarter. Meritage Homes stock costs EUR 55.25 on October 6, 2026 after EUR 55.25.

MTH, US59001A1025, Illustration mit AI erstellt.

Meritage Homes (ISIN US59001A1025) was trading at EUR 55.25 at Lang & Schwarz on October 6, 2026 at 3:34 p.m. CEST, unchanged from the EUR 55.25 prior close. On September 16, 2026, Truist Securities cut its price target for Meritage Homes from USD 80.00 to USD 72.00 and lowered its rating from Buy to Hold, according to MarketBeat.

Second-quarter revenue fell 14.10 percent

Meritage Homes reported USD 1.41 billion in revenue for the second quarter of 2026, down 14.10 percent from the same quarter a year earlier, according to MarketBeat. Quarterly earnings per share came to USD 1.42, above the USD 1.30 consensus estimate, but below USD 2.04 in the year-earlier quarter.

That combination gives the stock a mixed earnings profile. The company exceeded the earnings estimate by USD 0.12, while the revenue shortfall and lower year-over-year earnings per share point to weaker operating momentum in the latest reported period.

October 28 results set the next test

Meritage Homes plans to release its third-quarter 2026 results after the market closes on October 28, 2026, with the conference call scheduled for October 29, 2026, according to the company's Investor Relations page. The schedule gives investors a defined checkpoint for demand, incentives and margin performance after the second-quarter revenue decline.

Meritage Homes operates in residential construction and focuses on single-family homes, including entry-level and first move-up properties. The business also provides related financial services, so the upcoming report can show whether housing demand and financing activity are moving in the same direction.

MTH stock holds at EUR 55.25

On the NYSE, Meritage Homes was trading at USD 62.62 on October 6, 2026 at 9:40 a.m. EDT. Its 52-week range was USD 58.03 to USD 85.38, placing the primary-exchange quote USD 4.59 above the low and USD 22.76 below the high.

At Lang & Schwarz, MTH stock was trading at EUR 55.25 at 3:34 p.m. CEST on October 6, 2026, unchanged versus the EUR 55.25 prior close at Lang & Schwarz dated October 5, 2026. The reference price is intraday and does not represent an official closing price.