MTH Stock Price, Meritage Homes Corp Quote, Chart

Market Summary

USD180.00-0.28

Market Closed

-0.16%

MTH Alerts

Big jump in Earnings (Y/Y)

MTH Stock Price

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MTH RSI Chart

MTH Valuation

Market Cap

6.5B

Price/Earnings (Trailing)

8.24

Price/Sales (Trailing)

1.6

EV/EBITDA

5.39

Price/Free Cashflow

23.56

MTH Price/Sales (Trailing)

MTH Profitability

EBT Margin

26.49%

Return on Equity

16.81%

Return on Assets

12.23%

Free Cashflow Yield

4.24%

MTH Fundamentals

MTH Revenue

Revenue (TTM)

3.8B

MTH Earnings

Earnings (TTM)

793.5M

Earnings Growth (Yr)

41.67%

Earnings Growth (Qtr)

-6.45%

Breaking Down MTH Revenue

Last 7 days

2.7%

Last 30 days

13.1%

Last 90 days

18.6%

Trailing 12 Months

42.5%

How does MTH drawdown profile look like?

MTH Financial Health

MTH Investor Care

Dividend Yield

0.87%

Dividend/Share (TTM)

1.56

Buy Backs (1Y)

1.21%

Diluted EPS (TTM)

21.45

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2022	0	0	0	0
2021	0	3.8B	0	0
2018	3.3B	3.4B	0	0
2017	3.1B	3.1B	3.2B	3.2B
2016	2.6B	2.8B	2.9B	3.0B
2015	2.3B	2.4B	2.5B	2.6B
2014	1.9B	1.9B	2.0B	2.2B
2013	1.3B	1.5B	1.6B	1.8B
2012	944.4M	1.0B	1.1B	1.2B
2011	0	0	0	861.2M

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Tracking the Latest Insider Buys and Sells of Meritage Homes Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	lord phillippe	sold	-406,975	162	-2,500	chief executive officer
Mar 04, 2024	lord phillippe	sold	-2,866,820	158	-18,119	chief executive officer
Mar 04, 2024	feliciano javier	sold	-451,092	158	-2,850	evp chief people officer
Mar 04, 2024	hilton steven j	sold	-745,243	158	-4,705	executive chairman
Mar 04, 2024	sferruzza hilla	sold	-1,300,940	158	-8,222	chief financial officer
Mar 04, 2024	szubinski clinton	sold	-1,156,680	158	-7,308	evp - chief operating officer
Mar 01, 2024	hilton steven j	acquired	-	-	5,905	executive chairman
Mar 01, 2024	sferruzza hilla	acquired	-	-	11,102	chief financial officer
Mar 01, 2024	szubinski clinton	acquired	-	-	9,869	evp - chief operating officer
Mar 01, 2024	feliciano javier	acquired	-	-	4,111	evp chief people officer

Which funds bought or sold MTH recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	Kendall Capital Management	reduced	-2.73	-12,928	625,515	0.22%
May 10, 2024	Mitsubishi UFJ Trust & Banking Corp	sold off	-100	-509,535	-	-%
May 10, 2024	BlackRock Inc.	added	1.34	22,110,600	1,087,070,000	0.03%
May 10, 2024	CORNERCAP INVESTMENT COUNSEL INC	new	-	600,249	600,249	0.09%
May 10, 2024	LPL Financial LLC	added	8.33	46,311	554,469	-%
May 10, 2024	VANGUARD GROUP INC	reduced	-0.68	299,216	718,491,000	0.01%
May 10, 2024	Mach-1 Financial Group, LLC	sold off	-100	-275,410	-	-%
May 10, 2024	Colonial River Wealth Management, LLC	sold off	-100	-237,957	-	-%
May 10, 2024	WealthCollab, LLC	added	64.00	14,195	35,970	0.03%
May 10, 2024	MACKENZIE FINANCIAL CORP	reduced	-60.47	-5,080,970	3,360,940	-%

Are Funds Buying or Selling MTH?

Are funds buying MTH calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MTH

No. of Funds

MTH Alerts

Big jump in Earnings (Y/Y)

Unveiling Meritage Homes Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.31%	4,122,623	SC 13G/A
Jan 22, 2024	blackrock inc.	16.8%	6,113,417	SC 13G/A
Feb 09, 2023	vanguard group inc	11.61%	4,246,391	SC 13G/A
Jan 26, 2023	blackrock inc.	17.1%	6,241,502	SC 13G/A
Jan 20, 2023	blackrock inc.	17.1%	6,241,502	SC 13G/A
Nov 09, 2022	earnest partners llc	4.1%	1,482,499	SC 13G/A
Jul 11, 2022	earnest partners llc	5.1%	1,862,311	SC 13G/A
Feb 10, 2022	vanguard group inc	11.24%	4,192,515	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.6%	1,722,069	SC 13G/A
Jan 27, 2022	blackrock inc.	18.1%	6,746,041	SC 13G

Recent SEC filings of Meritage Homes Corp

View All Filings

Date Filed	Form Type	Document
May 09, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
Apr 30, 2024	S-3ASR	S-3ASR
Apr 26, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 01, 2024	ARS	ARS
Apr 01, 2024	DEF 14A	DEF 14A
Apr 01, 2024	DEFA14A	DEFA14A
Mar 15, 2024	8-K	Current Report
Mar 13, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Meritage Homes Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HD	337.8B	152.7B	-0.57%	17.36%	22.31	2.21	-3.01%	-11.47%
LOW	133.3B	86.4B	0.41%	14.63%	17.26	1.54	-11.01%	20.02%
DHI	48.4B	37.1B	-3.21%	35.22%	9.73	1.3	10.12%	-4.19%
NVR	23.8B	9.7B	-2.84%	30.47%	14.5	2.46	-6.32%	-0.14%
FND	13.1B	4.4B	9.04%	32.43%	58.44	2.99	0.72%	-24.86%
MID-CAP
MHK	7.7B	11.0B	6.99%	28.13%	-18.64	0.7	-4.50%	-196.49%
IBP	6.5B	2.8B	-5.20%	101.80%	25.94	2.31	2.57%	4.80%
WHR	5.2B	19.3B	-11.66%	-26.90%	12.99	0.27	-0.81%	119.97%
CVCO	3.1B	1.9B	-1.17%	25.40%	18.13	1.68	-14.77%	-30.65%
CCS	2.7B	3.9B	1.38%	26.30%	9.25	0.69	-8.36%	-30.22%
LEG	1.7B	4.6B	-29.22%	-61.17%	-10.56	0.36	-8.52%	-158.15%
SMALL-CAP
AMWD	1.5B	1.9B	-1.17%	83.99%	12.58	0.8	-10.13%	53.07%
BZH	893.4M	2.1B	0.35%	35.76%	5.57	0.42	-8.40%	-19.84%
BSET	126.9M	369.0M	4.51%	2.64%	-21.84	0.34	-22.39%	-109.49%
CRWS	52.1M	86.7M	-3.96%	-0.74%	11.05	0.6	9.53%	-34.99%

Meritage Homes Corp News

Latest updates

Meritage Homes Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3	2016Q2	2016Q1	2015Q4	2015Q3	2015Q2	2015Q1	2014Q4	2014Q3
Revenue	2.4%	1,412	1,379	1,345	1,311	1,278	877	743	946	806	802	673	881	753	798	598	782	670	598	519	699	557
Gross Profit	-	445	-	-	-	345	159	123	171	145	141	110	157	132	138	104	152	126	115	96.00	140	111
S&GA Expenses	5.9%	69.00	66.00	75.00	69.00	74.00	61.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	10.5%	0.32*	0.29*	0.26*	0.23*	0.19*	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-100.0%	-	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes	18.9%	82.00	69.00	74.00	61.00	48.00	17.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	16.0%	332	286	311	262	216	71.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	10.8%	0.31*	0.28*	0.25*	0.22*	0.19*	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	15.1%	250	217	237	201	167	54.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Margin	10.0%	0.24*	0.21*	0.19*	0.17*	0.15*	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-4010.6%	-225	6.00	89.00	-112	-135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.1%	6,489	6,353	6,182	6,066	5,871	5,772	5,571	5,308	5,058	4,808	4,565	4,322	4,038	3,864	3,687	3,542	3,914	3,398	3,635	3,467	3,396
Cash Equivalents	-1.7%	905	921	1,049	1,163	957	862	299	272	520	618	562	684	716	746	610	485	797	319	455	407	327
Net PPE	-2.2%	48.00	49.00	51.00	47.00	42.00	39.00	39.00	39.00	38.00	37.00	37.00	36.00	37.00	39.00	43.00	46.00	49.00	51.00	53.00	54.00	54.00
Liabilities	1.6%	1,769	1,741	1,761	1,817	1,804	1,822	1,889	1,895	1,890	1,763	1,740	1,693	1,562	1,517	1,487	1,457	1,924	1,424	1,761	1,669	1,653
Shareholder's Equity	2.4%	4,721	4,612	4,421	4,248	4,067	3,950	3,682	3,412	3,168	3,044	2,825	2,628	2,477	2,348	2,200	2,085	1,991	1,974	1,874	1,798	1,743
Retained Earnings	3.7%	4,479	4,321	4,132	3,920	3,743	3,621	3,359	3,097	2,846	2,629	2,392	2,191	2,024	1,892	1,739	1,630	1,539	1,468	1,365	1,295	1,244
Additional Paid-In Capital	-17.2%	241	291	289	328	324	328	322	316	322	415	433	437	453	456	460	454	451	505	509	503	499
Shares Outstanding	-0.3%	36.00	36.00	36.00	37.00	37.00	37.00	37.00	37.00	37.00	38.00	38.00	38.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	5,100	-	-	-	2,700	-	-	-	3,500	-	-	-	2,800	-	-	-	1,900	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	178.4%	81,930	-104,520	104,207	231,413	124,472	575,079	37,018	-219,015	12,188	96,614	-105,234	-129,526	-13,946	157,278	135,637	193,532	43,913	179,460	54,011	81,095	32,254
Share Based Compensation	2.7%	6,114	5,954	6,156	4,176	6,225	5,436	6,852	4,070	5,975	5,634	5,845	3,223	5,367	4,271	6,130	3,157	6,437	3,888	5,657	4,201	5,861
Cashflow From Investing	12.9%	-7,765	-8,920	-12,563	-13,412	-8,728	-7,403	-6,625	-12,013	-6,245	-9,314	-6,828	-5,769	-4,910	-4,987	-4,160	-4,851	-4,236	-1,518	-6,169	474	-6,276
Cashflow From Financing	-539.5%	-90,094	-14,088	-206,132	-11,968	-20,095	-5,502	-3,153	-17,220	-103,883	-31,256	-10,021	103,236	-10,332	-16,649	-6,120	-501,380	438,178	-313,288	-457	-1,641	-9,945
Dividend Payments	176.8%	27,239	9,839	9,841	9,927	9,927	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	1275.3%	55,933	4,067	45,000	-	10,000	-	-	10,000	99,303	23,975	9,471	19,161	8,385	8,779	-	-	60,813	7,078	-	-	8,957

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MTH Income Statement

2024-03-31

UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Commissions and other sales costs	$ (101,550)	$ (82,846)
General and administrative expenses	(50,732)	(47,519)
Interest expensed	0	0
Other income, net	9,022	8,844
Earnings before income taxes	234,015	165,303
Provision for income taxes	(47,999)	(34,002)
Net earnings	$ 186,016	$ 131,301
Earnings per common share:
Basic (in dollars per share)	$ 5.12	$ 3.58
Diluted (in dollars per share)	$ 5.06	$ 3.54
Weighted average number of shares:
Basic (in shares)	36,311	36,664
Diluted (in shares)	36,779	37,121
Common Stock, Dividends, Per Share, Declared	$ 0.75	$ 0.27
Homebuilding
Revenue	$ 1,468,401	$ 1,279,308
Cost of closings	(1,090,436)	(995,407)
Gross profit	377,965	283,901
Home closings
Revenue	1,466,096	1,261,923
Cost of closings	(1,088,138)	(979,462)
Gross profit	377,958	282,461
Land closings
Revenue	2,305	17,385
Cost of closings	(2,298)	(15,945)
Gross profit	7	1,440
Financial Services
Revenue	6,353	5,731
Expense	(3,003)	(3,067)
Gross profit	(690)	2,923
(Loss)/earnings from financial services unconsolidated entities and other, net	$ (4,040)	$ 259

MTH Balance Sheet

2024-03-31

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 905,298	$ 921,227
Other receivables	243,322	266,972
Real estate	4,914,512	4,721,291
Deposits on real estate under option or contract	122,813	111,364
Investments in unconsolidated entities	18,743	17,170
Property and equipment, net	47,868	48,953
Deferred tax assets, net	47,000	47,573
Prepaids, other assets and goodwill	189,749	218,584
Total assets	6,489,305	6,353,134
Liabilities
Accounts payable	306,150	271,650
Accrued liabilities	418,216	424,764
Home sale deposits	42,796	36,605
Loans payable and other borrowings	6,604	13,526
Senior notes, net	994,966	994,689
Total liabilities	1,768,732	1,741,234
Stockholders’ Equity
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at March 31, 2024 and December 31, 2023	0	0
Common stock, par value $0.01. Authorized 125,000,000 shares; 36,319,014 and 36,425,037 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	363	364
Additional paid-in capital	240,852	290,955
Retained earnings	4,479,358	4,320,581
Total stockholders’ equity	4,720,573	4,611,900
Total liabilities and stockholders’ equity	$ 6,489,305	$ 6,353,134

About Meritage Homes Corp

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

CEO	Mr. Phillippe Lord
WEBSITE	meritagehomes.com
INDUSTRY	Home Improvement Retail
EMPLOYEES	1921

Meritage Homes Corp Frequently Asked Questions

What is the ticker symbol for Meritage Homes Corp? What does MTH stand for in stocks?

MTH is the stock ticker symbol of Meritage Homes Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Meritage Homes Corp (MTH)?

As of Mon May 13 2024, market cap of Meritage Homes Corp is 6.54 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MTH stock?

You can check MTH's fair value in chart for subscribers.

What is the fair value of MTH stock?

You can check MTH's fair value in chart for subscribers. The fair value of Meritage Homes Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Meritage Homes Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MTH so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Meritage Homes Corp a good stock to buy?

The fair value guage provides a quick view whether MTH is over valued or under valued. Whether Meritage Homes Corp is cheap or expensive depends on the assumptions which impact Meritage Homes Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MTH.

What is Meritage Homes Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, MTH's PE ratio (Price to Earnings) is 8.24 and Price to Sales (PS) ratio is 1.6. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MTH PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Meritage Homes Corp's stock?

In the past 10 years, Meritage Homes Corp has provided 0.165 (multiply by 100 for percentage) rate of return.