About Meritage Corporation
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee. Its homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets, where it operates under the Legendary Communities brand.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Residential Construction
- Sub-Industry: Homebuilding
- Exchange: NYSE
- Symbol: MTH
- CUSIP: 59001A10
- Previous Close: $34.35
- 50 Day Moving Average: $35.16
- 200 Day Moving Average: $34.82
- 52-Week Range: $29.70 - $41.22
- Trailing P/E Ratio: 9.68
- Foreward P/E Ratio: 8.22
- P/E Growth: 1.20
- Market Cap: $1.38B
- Outstanding Shares: 40,027,000
- Beta: 1.36
- Net Margins: 4.93%
- Return on Equity: 11.08%
- Return on Assets: 5.32%
Companies Related to Meritage Corporation:
- Debt-to-Equity Ratio: 0.79%
- Current Ratio: 0.85%
- Quick Ratio: 0.75%
What is Meritage Corporation's stock symbol?
Meritage Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."
Where is Meritage Corporation's stock going? Where will Meritage Corporation's stock price be in 2017?
12 brokers have issued 12-month target prices for Meritage Corporation's shares. Their predictions range from $36.00 to $41.00. On average, they expect Meritage Corporation's share price to reach $37.93 in the next twelve months.
When will Meritage Corporation announce their earnings?
Meritage Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.
What are analysts saying about Meritage Corporation stock?
Here are some recent quotes from research analysts about Meritage Corporation stock:
According to Zacks Investment Research, "Meritage Homes Corp. is one of the nation's largest single-family homebuilders. " (1/12/2017)
JMP Securities analysts commented, "from a mix-shift to higher entry-level product and lower gross margin." The revised estimates are $0.02 below the consensus estimate for 2016 and $0.07 above the 2017 consensus estimate.In May, the company guided EPS of $3.55–$3.85 for the year, compared to $3.09 in 2015, including $0.78–$0.85 for the second quarter, compared to $0.70 a year ago.Related Link: Here's How The Brexit Could Impact The U.S. Housing MarketMeritage expects home closing gross margin of approximately 18–18.5 percent for the year, compared to 19 percent in 2015, and mid-17–18 percent in the second quarter, compared to 19.3 percent in the prior year."We believe MTH is working through its product and operational headwinds with the Legendary acquisition, which, coupled with labor and material costs in several other markets, are the primary reasons for the 100bps decrease in gross margin from FY15 to the midpoint of FY16 guidance," Martin wrote in a note.Looking ahead, the analyst cut his 2017 margin assumption by 40bps "on labor and land costs, higher incentives in more competitive markets, and continued expansion into the higher end of the first-time buyer market."In addition, JMP said its housing market checks were in line with its thesis of a "modest economic recovery with building momentum at the lower first-time buyer price points and deceleration at the high end."Going into the quarter, our primary concerns are land costs across all of MTH's key markets along with labor constraints, specifically in Colorado, Phoenix, Dallas, Atlanta, and pockets of California," (6/24/2016)
FBR & Co analysts commented, "We reiterate our Market Perform rating and $36 price target following the release of Meritage’s 1Q16 results. MTH saw better-than-anticipated closing results this quarter; however, lower-than-anticipated gross margins and a year-over-year decline in absorptions were some of the primary concerns for investors. Margins were negatively affected by certain underperforming communities in the West, and while the drag from these regions should abate in the coming quarters, it may be difficult to repeat 2015’s margin results. However, we believe absorptions should improve over time, especially given MTH’s focus on first-time buyers, which should lead to greater asset efficiency over time." (4/29/2016)
Who owns Meritage Corporation stock?
Meritage Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (15.00%), Dimensional Fund Advisors LP (8.45%), State Street Corp (2.09%), Russell Investments Group Ltd. (1.21%), Gabelli Funds LLC (0.37%) and Guggenheim Capital LLC (0.30%). Company insiders that own Meritage Corporation stock include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Larry Wayne Seay, Peter L Ax, Phillippe Lord, Robert Gary Sarver and Steven J Hilton.
Who sold Meritage Corporation stock? Who is selling Meritage Corporation stock?
Meritage Corporation's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, State Board of Administration of Florida Retirement System, Gabelli Funds LLC, Metropolitan Life Insurance Co. NY and Teachers Retirement System of The State of Kentucky. Company insiders that have sold Meritage Corporation stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord and Robert Gary Sarver.
Who bought Meritage Corporation stock? Who is buying Meritage Corporation stock?
Meritage Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Guggenheim Capital LLC, State Street Corp, FMR LLC and Comerica Bank.
How do I buy Meritage Corporation stock?
Shares of Meritage Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Meritage Corporation stock cost?
One share of Meritage Corporation stock can currently be purchased for approximately $34.35.