Meritage Corporation Company Profile (NYSE:MTH)

About Meritage Corporation

Meritage Corporation logoMeritage 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
Key Metrics:
  • 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%
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 0.85%
  • Quick Ratio: 0.75%
Additional Links:
Companies Related to Meritage Corporation:

Analyst Ratings

Consensus Ratings for Meritage Corporation (NYSE:MTH) (?)
Ratings Breakdown: 2 Sell Ratings, 10 Hold Ratings
Consensus Rating:Hold (Score: 1.83)
Consensus Price Target: $37.93 (10.42% upside)

Analysts' Ratings History for Meritage Corporation (NYSE:MTH)
DateFirmActionRatingPrice TargetDetails
2/7/2017BTIG ResearchInitiated CoverageNeutralView Rating Details
1/30/2017Evercore ISIDowngradeBuy -> Hold$37.00View Rating Details
1/5/2017Barclays PLCInitiated CoverageUnderweight$36.00View Rating Details
9/28/2016Wells Fargo & CompanyInitiated CoverageMarket PerformView Rating Details
8/2/2016Deutsche Bank AGDowngradeBuy -> Hold$41.00 -> $38.00View Rating Details
8/2/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$37.50View Rating Details
7/29/2016Credit Suisse GroupReiterated RatingSell$36.00View Rating Details
7/29/2016FBR & CoBoost Price TargetMarket Perform$36.00 -> $41.00View Rating Details
7/11/2016Zelman & AssociatesDowngradeBuy -> HoldView Rating Details
6/24/2016JMP SecuritiesReiterated RatingMarket PerformView Rating Details
4/18/2016FBN SecuritiesDowngradeOutperform -> Sector PerformView Rating Details
4/13/2016Sterne Agee CRTDowngradeBuy -> Neutral$40.00View Rating Details
1/29/2016Keefe, Bruyette & WoodsLower Price Target$40.00 -> $36.00View Rating Details
3/12/2015Citigroup Inc.DowngradeBuy -> Neutral$44.00 -> $47.00View Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Meritage Corporation (NYSE:MTH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/1/2017Q416$1.14$1.22$889.50 million$880.70 millionViewListenView Earnings Details
10/27/2016Q316$0.86$0.88$751.00 million$735.90 millionViewListenView Earnings Details
7/28/2016Q216$0.80$0.95$747.14 million$797.90 millionViewListenView Earnings Details
4/28/2016Q116$0.44$0.50$539.97 million$597.77 millionViewListenView Earnings Details
1/28/2016Q415$1.13$1.26$801.75 million$781.60 millionViewListenView Earnings Details
10/29/2015Q315$0.77$0.73$628.36 million$669.90 millionViewListenView Earnings Details
7/29/2015Q215$0.66$0.70$636.91 million$591.03 millionViewListenView Earnings Details
4/23/2015Q115$0.55$0.40$476.52 million$517.27 millionViewN/AView Earnings Details
1/29/2015Q414$1.03$1.19$710.56 million$668.30 millionViewN/AView Earnings Details
10/29/2014Q314$0.90$0.79$581.40 million$556.78 millionViewN/AView Earnings Details
7/24/2014Q214$0.82$0.85$513.90 million$502.80 millionViewN/AView Earnings Details
4/23/2014Q114$0.64$0.62$441.40 million$408.35 millionViewN/AView Earnings Details
2/4/2014Q413$1.03$1.19$537.80 million$536.20 millionViewN/AView Earnings Details
10/23/2013Q313$0.80$0.99$505.15 million$492.10 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.46$0.74$414.34 million$436.04 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.23$0.32$324.38 million$336.44 millionViewN/AView Earnings Details
1/31/2013Q4 2012$0.42$2.29$355.18 million$364.58 millionViewN/AView Earnings Details
10/25/2012$0.34$0.43ViewN/AView Earnings Details
7/26/2012$0.14$0.24ViewN/AView Earnings Details
4/26/2012($0.06)($0.15)ViewN/AView Earnings Details
1/31/2012$0.09($0.36)ViewN/AView Earnings Details
10/27/2011$0.04($0.10)ViewN/AView Earnings Details
7/29/2011($0.03)$0.02ViewN/AView Earnings Details
4/28/2011($0.11)($0.21)ViewN/AView Earnings Details
2/2/2011($0.04)($0.03)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Meritage Corporation (NYSE:MTH)
Current Year EPS Consensus Estimate: $3.65 EPS
Next Year EPS Consensus Estimate: $4.18 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.74$0.74$0.74
Q3 20161$0.83$0.83$0.83
Q4 20161$1.29$1.29$1.29
Q2 20171$0.89$0.89$0.89
Q4 20171$1.42$1.42$1.42
(Data provided by Zacks Investment Research)


Dividend History for Meritage Corporation (NYSE:MTH)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Meritage Corporation (NYSE:MTH)
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 99.80%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2017Javier FelicianoEVPSell1,009$35.55$35,869.95View SEC Filing  
2/15/2017C Timothy WhiteEVPSell6,157$34.14$210,199.98View SEC Filing  
2/14/2017C Timothy WhiteEVPSell1,739$34.00$59,126.00View SEC Filing  
2/14/2017Hilla SferruzzaCFOSell1,315$34.23$45,012.45View SEC Filing  
2/14/2017Phillippe LordInsiderSell1,857$34.33$63,750.81View SEC Filing  
2/13/2017Hilla SferruzzaCFOSell363$34.85$12,650.55View SEC Filing  
2/13/2017Phillippe LordCOOSell711$34.85$24,778.35View SEC Filing  
6/13/2016Peter L AxDirectorSell15,000$36.71$550,650.00View SEC Filing  
6/9/2016Gerald W HaddockDirectorSell7,500$38.11$285,825.00View SEC Filing  
5/16/2016Robert Gary SarverDirectorSell4,381$33.92$148,603.52View SEC Filing  
2/17/2016C Timothy WhiteEVPSell6,812$30.84$210,082.08View SEC Filing  
2/17/2016Hilla SferruzzaCAOSell291$30.84$8,974.44View SEC Filing  
2/17/2016Larry Wayne SeayCFOSell7,957$30.84$245,393.88View SEC Filing  
2/17/2016Phillippe LordCOOSell1,138$30.79$35,039.02View SEC Filing  
2/16/2016Hilla SferruzzaCAOSell655$29.60$19,388.00View SEC Filing  
2/11/2016Hilla SferruzzaCAOSell733$29.60$21,696.80View SEC Filing  
2/11/2016Phillippe LordCOOSell1,291$29.55$38,149.05View SEC Filing  
4/28/2015Larry Wayne SeayCFOSell17,333$45.14$782,411.62View SEC Filing  
3/10/2015Hilla SferruzzaCAOSell1,750$42.38$74,165.00View SEC Filing  
2/27/2015Steven J HiltonCEOSell139,840$43.84$6,130,585.60View SEC Filing  
2/11/2015C Timothy WhiteEVPSell11,297$39.67$448,151.99View SEC Filing  
2/11/2015Larry Wayne SeayCFOSell11,978$39.67$475,167.26View SEC Filing  
2/11/2015Steven J HiltonCEOSell17,050$39.67$676,373.50View SEC Filing  
2/11/2015Steven M DavisCOOSell11,138$39.67$441,844.46View SEC Filing  
2/10/2015C Timothy WhiteEVPSell13,264$39.79$527,774.56View SEC Filing  
12/1/2014Gerald W HaddockDirectorSell7,500$38.65$289,875.00View SEC Filing  
2/26/2014C Timothy WhiteEVPSell13,075$49.43$646,297.25View SEC Filing  
2/26/2014Hilla SferruzzaCAOSell1,500$49.20$73,800.00View SEC Filing  
2/26/2014Larry Wayne SeayCFOSell10,695$48.97$523,734.15View SEC Filing  
2/26/2014Steven DavisCOOSell6,060$49.91$302,454.60View SEC Filing  
2/26/2014Steven HiltonCEOSell50,000$49.17$2,458,500.00View SEC Filing  
2/11/2014Larry Wayne SeayCFOSell11,925$45.00$536,625.00View SEC Filing  
2/11/2014Steven DavisCOOSell11,087$45.00$498,915.00View SEC Filing  
2/11/2014Steven HiltonCEOSell16,973$45.00$763,785.00View SEC Filing  
11/25/2013Steven DavisCOOSell2,000$41.38$82,760.00View SEC Filing  
10/30/2013Steven M DavisCOOSell6,462$47.00$303,714.00View SEC Filing  
10/28/2013Larry Wayne SeayCFOSell16,932$46.74$791,401.68View SEC Filing  
8/1/2013Raymond OppelDirectorSell11,500$46.00$529,000.00View SEC Filing  
5/14/2013Steven J HiltonCEOSell50,000$52.19$2,609,500.00View SEC Filing  
9/4/2012Robert Gary SarverDirectorSell20,000$36.75$735,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Meritage Corporation (NYSE:MTH)
DateHeadline logoMERITAGE HOMES CORP Financials (NYSE:MTH) - February 23 at 6:46 PM logoStocks hit fresh records with all-time highs for Dow, small-caps, S&P 500, Apple (NYSE:MTH) - February 22 at 6:48 PM logoMERITAGE HOMES CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:MTH) - February 17 at 4:28 PM
News IconChief Financial Officer of Meritage Homes Corporation Comm (NYSE:MTH), Sferruzza Hilla, sells 363 shares worth $12,651 (NYSE:MTH) - February 16 at 6:16 PM logoMERITAGE HOMES CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial St (NYSE:MTH) - February 16 at 6:16 PM
News IconWatching the Levels for Meritage Homes Corporation (NYSE:MTH) - Midway Monitor (NYSE:MTH) - February 15 at 2:09 AM
News IconMarket Update: Looking at the Levels for Meritage Homes Corporation (NYSE:MTH) - Midway Monitor (NYSE:MTH) - February 9 at 12:35 AM logoMeritage Homes Corp. :MTH-US: Earnings Analysis: Q4, 2016 By the Numbers : February 7, 2017 (NYSE:MTH) - February 7 at 7:58 PM logoMeritage Homes Corp. :MTH-US: Earnings Analysis: 2016 By the Numbers : February 2, 2017 (NYSE:MTH) - February 2 at 7:32 PM logoEdited Transcript of MTH earnings conference call or presentation 1-Feb-17 3:00pm GMT (NYSE:MTH) - February 2 at 12:44 AM logoMeritage Homes Projects 6-12% Rise In Pre-tax Earnings For FY17 - Quick Facts (NYSE:MTH) - February 1 at 7:44 PM logoMeritage Homes Corp. Bottom Line Declines 2% In Q4 (NYSE:MTH) - February 1 at 7:44 PM logoQ4 2016 Meritage Homes Corp Earnings Release - Before Market Open (NYSE:MTH) - February 1 at 7:44 PM logoMeritage Homes completes 2016 with a 16% increase in full year net earnings, ending with fourth quarter diluted EPS of $1.22 on 15% growth in home closing revenue (NYSE:MTH) - February 1 at 7:44 PM logo8:05 am Meritage beats by $0.08, misses on revs; guides FY17 revs in-line (NYSE:MTH) - February 1 at 7:44 PM logoMeritage beats 4Q profit forecasts (NYSE:MTH) - February 1 at 7:44 PM logoMeritage Homes Corp. Finishes 2016 Strong, but a Few Things Bear Watching (NYSE:MTH) - February 1 at 7:21 PM logoMeritage Homes beats by $0.08, misses on revenue (NYSE:MTH) - February 1 at 8:03 AM
News IconTechnical Toolbox: Investor Focus on Meritage Homes Corporation (MTH) - Springdale Times (NYSE:MTH) - January 31 at 7:37 PM logoMeritage Homes Shares Cross Below 200 DMA (NYSE:MTH) - January 30 at 7:23 PM logoMeritage Homes and M.D.C. Holdings lead homebuilders lower after downgrades (NYSE:MTH) - January 30 at 11:31 AM
News IconTracking the Numbers for Meritage Homes Corporation (NYSE:MTH) - The Tribune (NYSE:MTH) - January 29 at 7:12 PM
News IconRelative Strength Index Check on Meritage Homes Corporation (MTH) - Rives Journal (NYSE:MTH) - January 29 at 7:12 PM
News IconWhat The Charts Are Saying About Meritage Homes Corporation (NYSE:MTH) - The Tribune (NYSE:MTH) - January 29 at 7:34 AM
News IconTechnical Indicator Review on Shares of Meritage Homes Corporation (MTH) - Market Point (NYSE:MTH) - January 28 at 2:13 AM
News IconAnalysts Take: Meritage Homes Corp (NYSE:MTH) Projected Earnings & Price Targets - Aiken Advocate (NYSE:MTH) - January 26 at 10:21 PM
News IconEarnings in Full Force, Analysts Take Aim at Meritage Homes Corp (NYSE:MTH) - Wall Street Beacon (NYSE:MTH) - January 25 at 8:11 PM logoMeritage Homes Corp. breached its 50 day moving average in a Bullish Manner : MTH-US : January 25, 2017 (NYSE:MTH) - January 25 at 8:11 PM logoCheck out which stocks drove the S&P 500, Nasdaq to new record highs, Dow gains 113 points (NYSE:MTH) - January 24 at 7:27 PM logoMeritage Homes among homebuilders seeing their stock surging (NYSE:MTH) - January 23 at 6:59 PM
News IconAnalyst Consensus Estimates & Projections are in For Shares of Meritage Homes Corp (NYSE:MTH) - Aiken Advocate (NYSE:MTH) - January 23 at 10:02 AM logoNoteworthy Friday Option Activity: MTH, JNJ, DG - Nasdaq (NYSE:MTH) - January 21 at 12:29 AM logoMeritage Homes Corp (NYSE:MTH) Strong Sell Recommendations At 0 - Investor Newswire (NYSE:MTH) - January 21 at 12:29 AM
News IconConsensus Take: Meritage Homes Corp (NYSE:MTH) Earnings & Ratings Watch - Aiken Advocate (NYSE:MTH) - January 21 at 12:29 AM
News IconNoteworthy Friday Option Activity: MTH, JNJ, DG (NYSE:MTH) - January 20 at 7:26 PM
News IconStock For The Ages? Long Term Pick With Upside: Meritage Homes Corporation (NYSE:MTH) - Aiken Advocate (NYSE:MTH) - January 19 at 5:17 AM
News IconDownward Trend Continues as Stock Can't Find Its Footing: Meritage Homes Corporation (NYSE:MTH) - Wall Street Beacon (NYSE:MTH) - January 19 at 12:15 AM logoMeritage Homes : Thumbs down - Langford Landing developer cited (NYSE:MTH) - January 14 at 6:47 PM logoThumb down: Langford Landing developer cited (NYSE:MTH) - January 13 at 8:00 PM
News IconEVP Chief Human Resources Off of Meritage Homes Corporation Comm (NYSE:MTH), Feliciano Javier, sells 1,009 shares worth $35,870 (NYSE:MTH) - January 12 at 12:21 AM logoDow Jones heads back toward 20,000, new Nasdaq record; First Solar, Meritage, Disney up (NYSE:MTH) - January 11 at 7:18 PM
News IconNoteworthy Wednesday Option Activity: MTH, SPLK, PRXL (NYSE:MTH) - January 11 at 7:18 PM logoMeritage Homes Corp. – Value Analysis (NYSE:MTH) : January 10, 2017 (NYSE:MTH) - January 10 at 7:34 PM logoMeritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : January 9, 2017 (NYSE:MTH) - January 9 at 7:25 PM
News IconChecking the Levels for Meritage Homes Corporation (NYSE:MTH) - Wall Street Beacon (NYSE:MTH) - January 8 at 11:26 PM logoAnalyst Activity – Barclays PLC Initiates Coverage On Meritage Corporation (NYSE:MTH) With a Underweight - Market Exclusive (NYSE:MTH) - January 7 at 10:23 PM logoMTH Makes Notable Cross Below Critical Moving Average (NYSE:MTH) - January 6 at 7:22 PM logoCoverage initiated on Meritage by Barclays (NYSE:MTH) - January 6 at 7:22 PM logoAnalyst Activity – Barclays PLC Initiates Coverage On Meritage Corporation (NYSE:MTH) With a Underweight (NYSE:MTH) - January 5 at 8:06 PM logoMeritage Homes Fourth Quarter 2016 Earnings Release and ... - GlobeNewswire (press release) (NYSE:MTH) - December 28 at 6:34 PM


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.

Meritage Corporation (NYSE:MTH) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Meritage Corporation (NYSE:MTH)

Earnings History Chart

Earnings by Quarter for Meritage Corporation (NYSE:MTH)

Dividend History Chart

Dividend Payments by Quarter for Meritage Corporation (NYSE:MTH)

Last Updated on 2/23/2017 by Staff