Bank of America Securities Sticks to Their Buy Rating for Meritage (MTH)

In a report released today, Rafe Jadrosich from Bank of America Securities reiterated a Buy rating on Meritage, with a price target of $80.00. The company’s shares closed yesterday at $67.91.

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According to TipRanks, Jadrosich is a 5-star analyst with an average return of 10.6% and a 57.89% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, KB Home, and NVR.

In addition to Bank of America Securities, Meritage also received a Buy from TR | OpenAI – 4o’s Lana Roomette in a report issued on October 3. However, on October 7, Evercore ISI downgraded Meritage (NYSE: MTH) to a Hold.

Based on Meritage’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.63 billion and a net profit of $146.88 million. In comparison, last year the company earned a revenue of $1.7 billion and had a net profit of $231.56 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2025, Dennis Arriola, a Director at MTH bought 2,200.00 shares for a total of $154,000.00.