Meritage Homes Corporation (MTH)

NYSE: MTH · IEX Real-Time Price · USD
155.20
-1.00 (-0.64%)
Feb 28, 2024, 2:27 PM EST - Market open
-0.64%
Market Cap 5.66B
Revenue (ttm) 6.14B
Net Income (ttm) 738.75M
Shares Out 36.17M
EPS (ttm) 19.93
PE Ratio 7.84
Forward PE 8.76
Dividend $1.56 (1.01%)
Ex-Dividend Date Mar 14, 2024
Volume 126,168
Open 155.11
Previous Close 156.20
Day's Range 154.68 - 156.32
52-Week Range 103.61 - 179.69
Beta 1.79
Analysts Buy
Price Target 206.71 (+33.19%)
Earnings Date Jan 31, 2024

About MTH

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 entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its ... [Read more]

IPO Date Jul 20, 1988
Employees 1,838
Stock Exchange NYSE
Ticker Symbol MTH
Full Company Profile

Financial Performance

In 2023, Meritage Homes's revenue was $6.14 billion, a decrease of -2.45% compared to the previous year's $6.29 billion. Earnings were $738.75 million, a decrease of -25.54%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for MTH stock is "Buy." The 12-month stock price forecast is $206.71, which is an increase of 33.19% from the latest price.

Price Target
$206.71
(33.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy

Nominating / Governance and Environmental, Social and Sustainability Board Committees Consolidated into Single Committee Nominating / Governance and Environmental, Social and Sustainability Board Comm...

5 days ago - GlobeNewsWire

Home builder sentiment climbs for third straight month

More economic data rolls out this week as home builder sentiment reports a third consecutive month of gains, according to the National Association of Home Builders (NAHB). Yahoo Finance Housing Report...

Other symbols: DHIKBHLENTOLXHB
13 days ago - Yahoo Finance

Meritage Homes reports fourth quarter 2023 results

60% year-over-year increase in sales orders and home closing gross margin of 25.2% 60% year-over-year increase in sales orders and home closing gross margin of 25.2%

27 days ago - GlobeNewsWire

New Year, New Income: 5 Fresh-Faced Dividend Payers

I was at the State Fair with one of my best friends from Elementary School. We were 2,000 miles from our old school stompin' grounds.

Other symbols: EDRHSTMPHINTMUS
5 weeks ago - Forbes

Small-cap surge: Outpacing large caps on hopes for '24 rate cuts

Sure, the S&P 500 has come on strong since late October, but if you compare the three-month performance of the SPDR S&P 500 ETF Trust NYSEARCA: SPY versus the SPDR Portfolio S&P 600 Small Cap ETF NYSE...

Other symbols: BLMNELFSPSC
2 months ago - MarketBeat

The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless

Jay McCanless, Wedbush housing analyst, joins 'Power Lunch' to discuss the housing sector.

Other symbols: CCSDHIDOORITBLENMHOPHM
2 months ago - CNBC Television

Builders are preparing for a more normal spring selling season, says Deutsche's Joe Ahlersmeyer

Joe Ahlersmeyer, research analyst at Deutsche Bank, joins 'The Exchange' to discuss the 2024 outlook for homebuilders, his top stock picks, and more.

Other symbols: DHITOL
2 months ago - CNBC Television

Meritage Homes Gives $3.3 Million In 2023 To Build Stronger Communities Nationwide

National homebuilder expands charitable giving campaign and celebrates ten years of partnership with Operation Homefront National homebuilder expands charitable giving campaign and celebrates ten year...

2 months ago - GlobeNewsWire

Meritage Homes Fourth Quarter 2023 Earnings Conference Call and Webcast Scheduled for February 1, 2024

SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's fourth quarter 2023 result...

2 months ago - GlobeNewsWire

If rates stay stable we expect to see strong housing demand, says Meritage Homes CEO Phillippe Lord

Phillippe Lord, Meritage Homes CEO, joins 'Closing Bell Overtime' to talk the home builders marker, interest rates impact on housing, what's ahead for real estate and more.

2 months ago - CNBC Television

Goldman Sachs money manager digs into three themes for long-term growth

Most exchange-traded funds are passively managed — they are designed to mirror the performance of stock indexes and typically have low management fees. They can work out very well for investors, which...

3 months ago - Market Watch

Gerald Haddock to Retire from Meritage Homes Board of Directors

SCOTTSDALE, Ariz., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that one of the Company's long-st...

3 months ago - GlobeNewsWire

Meritage Homes Announces Quarterly Cash Dividend

SCOTTSDALE, Ariz., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quart...

3 months ago - GlobeNewsWire

Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory

SCOTTSDALE, Ariz., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2023.

4 months ago - GlobeNewsWire

Builders Make SunPower Solar a Standard Feature for New Homes

SunPower grows New Homes footprint in eight states including expanded agreements with Meritage Homes and Toll Brothers Builders respond to rising energy bills and power outages with renewable energy R...

Other symbols: BZHSPWRTOL
4 months ago - PRNewsWire

High rates help home demand but supply constraints persist, says Deutsche Bank's Joe Ahlersmeyer

Joe Ahlersmeyer, research analyst in the homebuilding space at Deutsche Bank, joins 'The Exchange' to discuss upcoming homebuilder earnings, the impact a drop in margins will have on homebuilder retur...

Other symbols: XHBDHIPHM
4 months ago - CNBC Television

Meritage Homes Third Quarter 2023 Earnings Conference Call and Webcast Scheduled for November 1, 2023

SCOTTSDALE, Ariz., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's third quarter 2023 result...

5 months ago - GlobeNewsWire

Deutsche Bank analyst on the state of housing: Prices should remain stable

Joe Ahlersmeyer, Deutsche Bank analyst, joins 'The Exchange' to discuss the health of housing as housing starts fell to its lowest level since 2020 amid high mortgage rates.

Other symbols: DHILENNVRPHMXHB
5 months ago - CNBC Television

Meritage Homes Announces Expansion To Jacksonville, Florida

SCOTTSDALE, Ariz., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that it has expanded its busines...

5 months ago - GlobeNewsWire

Meritage Homes Releases Third Annual Environmental, Social, and Governance Report

SCOTTSDALE, Ariz., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., today published its third annual environmental, social, and governance repor...

6 months ago - GlobeNewsWire

Meritage Homes reports second quarter 2023 results including record second quarter closing units and home closing revenue and 24.4% home closing gross margin

SCOTTSDALE, Ariz., July 27, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported second quarter results for the period ended June 30, 2023.

7 months ago - GlobeNewsWire

Meritage Homes Second Quarter 2023 Earnings Conference Call and Webcast Scheduled for July 28, 2023

SCOTTSDALE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's second quarter 2023 result...

9 months ago - GlobeNewsWire

Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors

SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent...

9 months ago - GlobeNewsWire

Meritage Homes Continues Partnership with Operation Homefront To Build New Home for Military Family in South Florida

Ongoing Collaboration Marks Tenth Year of the Partnership and 18th Home Donated by Meritage Ongoing Collaboration Marks Tenth Year of the Partnership and 18th Home Donated by Meritage

10 months ago - GlobeNewsWire

Meritage Homes Honored With 2023 Hearthstone BUILDER Humanitarian Award

The homebuilder was also recognized by additional awards for its commitment to sustainability, high homebuyer satisfaction ratings, and overall leadership in the industry. The homebuilder was also rec...

10 months ago - GlobeNewsWire