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Meritage Homes Corporation (MTH)

NYSE: MTH · IEX Real-Time Price · USD
100.74 0.34 (0.34%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap3.82B
Revenue (ttm)4.94B
Net Income (ttm)560.88M
Shares Out37.82M
EPS (ttm)14.60
PE Ratio6.90
Forward PE5.24
Dividendn/a
Ex-Dividend Daten/a
Volume207,564
Open99.85
Previous Close100.40
Day's Range98.35 - 101.47
52-Week Range78.00 - 120.19
Beta1.71
AnalystsBuy
Price Target131.71 (+30.7%)
Est. Earnings DateOct 27, 2021

About MTH

Meritage Homes Corporation designs and builds single-family 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. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage H...

IndustryHousehold Durables
IPO DateJul 20, 1988
CEOSteven Hilton
Employees1,570
Stock ExchangeNYSE
Ticker SymbolMTH
Full Company Profile

Financial Performance

In 2020, Meritage Homes's revenue was $4.51 billion, an increase of 22.53% compared to the previous year's $3.68 billion. Earnings were $423.48 million, an increase of 69.62%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for Meritage Homes stock is "Buy." The 12-month stock price forecast is 131.71, which is an increase of 30.74% from the latest price.

Price Target
$131.71
(30.74% upside)
Analyst Consensus: Buy

News

August Starts, Permits Rise: 7 Construction Stocks to Bet on

Historically low mortgage rates and declining lumber prices in the construction sector are helping the housing as well as related industries to regain momentum.

Other symbols:AWIBLDCCSCNRJHXOC
2 days ago - Zacks Investment Research

4 Stocks to Buy on a Booming Homebuilding Market

The housing market is still going strong, which makes for the right opportunity to invest in stocks like Meritage Homes (MTH), MI Homes (MHO), TRI Pointe (TPH), and Century Communities (CCS).

Other symbols:CCSMHOTPH
2 days ago - Zacks Investment Research

Builders Regain Confidence in September: Top 4 Housing Picks

The latest September reading of builders' confidence reflects thriving housing market conditions, defying supply shortage.

Other symbols:CCSMHOTPH
3 days ago - Zacks Investment Research

Mortgage Rates Remain Below 3%: Top 5 Housing Stocks to Buy

Record low mortgage rates along with declining material prices and rising jobs in the construction sector are helping the housing industry to regain momentum.

Other symbols:DHIKBHLENNVRPHMTOLTPH
1 week ago - Zacks Investment Research

Factors Supporting Meritage Homes' (MTH) Resilient 2H21 View

Meritage Homes (MTH) is set to benefit from a focus on entry-level, first-time, and move-up buyers along with a solid housing industry.

1 week ago - Zacks Investment Research

Operation Homefront Selects Deserving Military Family for Mortgage-Free Meritage Home

SCOTTSDALE, Ariz., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH) and Operation Homefront today announced that a military family has been selected for the Permanent Homes for Veterans prog...

1 week ago - GlobeNewsWire

Top Ranked Value Stocks to Buy for September 7th

BCC, DOW, HPQ, and MTH made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 7, 2021.

Other symbols:BCCDOWHPQ
2 weeks ago - Zacks Investment Research

5 Top Homebuilding Stocks to Ride the Booming Industry

Although a rise in input prices and land/labor costs pose risks, low mortgage rates and higher demand are likely to drive the industry. TOL, MTH, TPH, CCS, and MHO are well-positioned to gain.

Other symbols:CCSDHILENMHOPHMTOLTPH
3 weeks ago - Zacks Investment Research

Construction Spending Soars on Homebuilding Activity: 6 Picks

U.S. construction activity is gaining momentum on a robust homebuilding market, helping stocks like KB Home (KBH), Toll Brothers (TOL) and Century Communities (CCS).

Other symbols:CCSKBHMHONVRTOL
3 weeks ago - Zacks Investment Research

Why Is Meritage (MTH) Up 2.6% Since Last Earnings Report?

Meritage (MTH) reported earnings 30 days ago. What's next for the stock?

4 weeks ago - Zacks Investment Research

6 Solid Stocks to Buy on a Promising Homebuilding Market

The U.S. homebuilding market has been doing well for quite some time, which has been helping stocks like NVR, KBH, MTH, MHO, CCS, and TPH.

Other symbols:CCSKBHMHONVRTPH
4 weeks ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for August 25th

MTH, LNC, HVT, and CLS made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 25, 2021

Other symbols:CLSHVTLNC
4 weeks ago - Zacks Investment Research

Meritage Homes Launches New Enhancements to Its Digital Homebuying Experience

New solutions enable buyers to find, tour, finance and insure their homes virtually or via a contactless in-person solution New solutions enable buyers to find, tour, finance and insure their homes virt...

1 month ago - GlobeNewsWire

Meritage Homes, The Hershey Company, And Packaging Corporation Of America Are Poised For Post Pandemic Growth

After 2Q21 earnings, long-term tailwinds give these three Long Ideas excellent opportunities to grow profits.

Other symbols:HSYPKG
1 month ago - Forbes

Meritage Homes Teams Up with Daltile to Offer the Hottest New Design Trends

Homebuyers now have access to the latest in fashion-forward but eco-friendly tile collections

1 month ago - GlobeNewsWire

Why Meritage Homes Was Soaring Last Week

The homebuilder is caught up in a white-hot housing market.

1 month ago - The Motley Fool

Why Meritage Homes Stock Rallied as Much as 14.7% in Morning Trading Today

The home builder reported earnings. Results were strong and there were no signs of things slowing down.

1 month ago - The Motley Fool

Meritage Homes (MTH) Up on Q2 Earnings Beat, Raises View

Meritage Homes' (MTH) second-quarter 2021 earnings and revenues reflect robust market demand backed by lower mortgage interest rates as well as ongoing homebuying trends.

1 month ago - Zacks Investment Research

Meritage Homes (MTH) Tops Q2 Earnings and Revenue Estimates

Meritage (MTH) delivered earnings and revenue surprises of 26.38% and 10.47%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Meritage Homes Reports Second Quarter 2021 Results, Including Record Gross Margin of 27.3%, 11% Sequential Quarterly ...

SCOTTSDALE, Ariz., July 28, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported second quarter results for the period ended June 30, 2021.

1 month ago - GlobeNewsWire

Meritage Homes (MTH) Reports Next Week: Wall Street Expects Earnings Growth

Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

New Strong Sell Stocks for July 13th

ONEM, BABA, DXCM, ORAN, and MTH have been added to the Zacks Rank #5 (Strong Sell) List on July 13, 2021

Other symbols:BABADXCMONEMORAN
2 months ago - Zacks Investment Research

Is Housing Demand Cooling?

Mortgage rates are declining but there's no sign of demand softening on the horizon.

Other symbols:DFHKBHLENMDCTOL
2 months ago - Zacks Investment Research

Pending Home Sales Soar in May: 5 Solid Stocks to Buy

The housing market is still going strong despite slowing down lately. This has been helping companies like Lennar Corporation (LEN), KB Home (KBH) and Toll Brothers (TOL), M.D.C.

Other symbols:KBHLENMDCTOL
2 months ago - Zacks Investment Research

Bullish on Housing? 3 Homebuilder Stocks to Put on Your Radar

The housing market is hot right now, so here are a few ideas on how to play it.

Other symbols:GRBKLGIH
2 months ago - The Motley Fool