Meritage Corporation Company Profile (NYSE:MTH)

About Meritage Corporation (NYSE:MTH)

Meritage Corporation logoMeritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The 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. It builds homes in the regions of the United States and offers a range of homes that are designed for a range of homebuyers, including first-time, move-up, active adult and luxury. As of December 31, 2016, it had homebuilding operations in three regions: West, Central and East, which were consisted of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. It also operates Carefree Title Agency, Inc. (Carefree Title) company. Carefree Title's core business includes title insurance and closing/settlement services it offers to its homebuyers.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Residential Builders - Single Homes
  • Sub-Industry: Homebuilding
  • Symbol: NYSE:MTH
  • CUSIP: 59001A10
  • Web:
  • Market Cap: $1.65 billion
  • Outstanding Shares: 40,320,000
Average Prices:
  • 50 Day Moving Avg: $41.66
  • 200 Day Moving Avg: $40.09
  • 52 Week Range: $29.70 - $44.45
  • Trailing P/E Ratio: 11.25
  • Foreward P/E Ratio: 9.47
  • P/E Growth: 1.12
Sales & Book Value:
  • Annual Revenue: $3.12 billion
  • Price / Sales: 0.53
  • Book Value: $37.01 per share
  • Price / Book: 1.11
  • EBIDTA: $241.92 million
  • Net Margins: 4.94%
  • Return on Equity: 10.74%
  • Return on Assets: 5.16%
  • Debt-to-Equity Ratio: 0.91%
  • Current Ratio: 1.07%
  • Quick Ratio: 1.07%
  • Average Volume: 240,281 shs.
  • Beta: 1.46

Frequently Asked Questions for Meritage Corporation (NYSE:MTH)

What is Meritage Corporation's stock symbol?

Meritage Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."

How were Meritage Corporation's earnings last quarter?

Meritage Corporation (NYSE:MTH) posted its earnings results on Tuesday, August, 1st. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.23. The firm earned $802 million during the quarter, compared to the consensus estimate of $760.39 million. Meritage Corporation had a net margin of 4.94% and a return on equity of 10.74%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. View Meritage Corporation's Earnings History.

When will Meritage Corporation make its next earnings announcement?

Meritage Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Meritage Corporation.

Where is Meritage Corporation's stock going? Where will Meritage Corporation's stock price be in 2017?

9 brokers have issued 1 year target prices for Meritage Corporation's stock. Their predictions range from $37.00 to $50.00. On average, they expect Meritage Corporation's share price to reach $40.29 in the next twelve months. View Analyst Ratings for Meritage Corporation.

Who are some of Meritage Corporation's key competitors?

Who are Meritage Corporation's key executives?

Meritage Corporation's management team includes the folowing people:

  • Steven J. Hilton, Chairman of the Board, Chief Executive Officer
  • Hilla Sferruzza, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
  • Phillippe Lord, Chief Operating Officer, Executive Vice President
  • Javier Feliciano, Chief Human Resource Officer, Executive Vice President
  • C. Timothy White, Executive Vice President, General Counsel, Secretary
  • Peter L. Ax, Lead Independent Director
  • Dana C. Bradford, Independent Director
  • Richard T. Burke Sr., Independent Director
  • Gerald W. Haddock, Independent Director
  • Deborah A. Henretta, Independent Director

Who owns Meritage Corporation stock?

Meritage Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.25%), FMR LLC (11.34%), Dimensional Fund Advisors LP (8.38%), Vanguard Group Inc. (8.27%), Sanders Capital LLC (7.89%) and Fisher Asset Management LLC (4.27%). 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 and Robert Gary Sarver. View Institutional Ownership Trends for Meritage Corporation.

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 Thrivent Financial For Lutherans, FMR LLC, Sanders Capital LLC, Voya Investment Management LLC, BNP Paribas Arbitrage SA, Hexavest Inc., South Dakota Investment Council and Dupont Capital Management Corp. Company insiders that have sold Meritage Corporation stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano and Phillippe Lord. View Insider Buying and Selling for Meritage Corporation.

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 Earnest Partners LLC, Balyasny Asset Management LLC, Great Lakes Advisors LLC, Macquarie Group Ltd., State Street Corp, Vanguard Group Inc., Pinebridge Investments L.P. and Prudential Financial Inc.. View Insider Buying and Selling for Meritage Corporation.

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.

What is Meritage Corporation's stock price today?

One share of Meritage Corporation stock can currently be purchased for approximately $41.00.

MarketBeat Community Rating for Meritage Corporation (NYSE MTH)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  177 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  544
MarketBeat's community ratings are surveys of what our community members think about Meritage Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Meritage Corporation (NYSE:MTH) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.89)
Consensus Price Target: $40.29 (1.74% downside)

Analysts' Ratings History for Meritage Corporation (NYSE:MTH)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/2/2017Barclays PLCReiterated RatingUnderweight$36.00 -> $38.00LowView Rating Details
8/2/2017Deutsche Bank AGBoost Price TargetHold$40.00 -> $42.00LowView Rating Details
6/28/2017Bank of America CorporationReiterated RatingUnderperform$36.00 -> $38.00MediumView Rating Details
6/22/2017Credit Suisse GroupInitiated CoverageNeutral$40.00LowView Rating Details
4/27/2017Keefe, Bruyette & WoodsReiterated RatingHold$37.00HighView Rating Details
4/3/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$50.00MediumView Rating Details
2/7/2017BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
1/30/2017Evercore ISIDowngradeBuy -> Hold$37.00N/AView Rating Details
9/28/2016Wells Fargo & CompanyInitiated CoverageMarket PerformN/AView Rating Details
8/2/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$37.50N/AView Rating Details
7/29/2016FBR & CoBoost Price TargetMarket Perform$36.00 -> $41.00N/AView Rating Details
7/11/2016Zelman & AssociatesDowngradeBuy -> HoldN/AView Rating Details
4/18/2016FBN SecuritiesDowngradeOutperform -> Sector PerformN/AView Rating Details
4/13/2016Sterne Agee CRTDowngradeBuy -> Neutral$40.00N/AView Rating Details
(Data available from 9/19/2015 forward)


Earnings History for Meritage Corporation (NYSE:MTH)
Earnings by Quarter for Meritage Corporation (NYSE:MTH)
Earnings History by Quarter for Meritage Corporation (NYSE MTH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.94N/AView Earnings Details
8/1/2017Q2 2017$0.75$0.98$760.39 million$802.00 millionViewListenView Earnings Details
4/27/2017Q1 2017$0.42$0.56$609.41 million$672.80 millionViewN/AView Earnings Details
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$0.79$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$0.81$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)
2017 EPS Consensus Estimate: $3.12
2018 EPS Consensus Estimate: $4.27
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20172$0.73$0.89$0.81
Q3 20172$0.87$0.99$0.93
Q4 20172$1.34$1.42$1.38
Q1 20182$0.63$0.78$0.71
Q2 20182$0.96$1.10$1.03
Q3 20182$1.01$1.17$1.09
Q4 20182$1.43$1.45$1.44
(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 and Institutional Ownership History for Meritage Corporation (NYSE:MTH)
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 98.18%
Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Institutional Ownership by Quarter for Meritage Corporation (NYSE:MTH)
Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2017Javier FelicianoEVPSell1,009$35.55$35,869.95View SEC Filing  
5/15/2017C Timothy WhiteEVPSell7,500$41.36$310,200.00View SEC Filing  
5/9/2017C Timothy WhiteEVPSell7,032$39.00$274,248.00View SEC Filing  
3/15/2017Gerald W. HaddockDirectorSell5,000$36.76$183,800.00View 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)


Headline Trends for Meritage Corporation (NYSE:MTH)
Latest Headlines for Meritage Corporation (NYSE:MTH)
DateHeadline logo$820.39 Million in Sales Expected for Meritage Corporation (MTH) This Quarter - September 19 at 9:56 AM logoMeritage Corporation (MTH) Receives Consensus Rating of "Hold" from Brokerages - September 17 at 10:36 AM logoMeritage Homes Extends Expiration of Registered Exchange Offer to September 21 ... - September 16 at 8:13 PM logoMeritage Homes Extends Expiration of Registered Exchange Offer to September 21, 2017 - September 16 at 6:41 AM logoOperation Homefront Selects Dallas Veteran for Mortgage-Free Meritage Home - September 12 at 3:01 AM logoFinancial Review: Lennar Corporation (LEN) vs. Meritage Corporation (MTH) - September 10 at 4:12 AM logoUnder construction: Here are the top home builders in Phoenix - September 9 at 6:28 AM logoMeritage Homes to Donate $250,000 to Support Hurricane Harvey Relief Efforts - September 7 at 6:31 AM logoLennar Corporation (LEN) vs. Meritage Corporation (MTH) Critical Comparison - September 6 at 4:06 PM logoCritical Analysis: Meritage Corporation (MTH) vs. Lennar Corporation (LEN) - September 5 at 8:46 PM logoCritical Contrast: NVR (NVR) vs. Meritage Corporation (MTH) - September 5 at 10:22 AM logoIs a Dip in July Pending Home Sales Sign of Soft Housing? - September 2 at 6:27 AM logoReviewing Lennar Corporation (LEN) and Meritage Corporation (MTH) - September 2 at 6:08 AM logoZacks: Analysts Anticipate Meritage Corporation (MTH) Will Post Quarterly Sales of $820.39 Million - August 31 at 1:58 AM logoHead-To-Head Contrast: Meritage Corporation (MTH) and CalAtlantic Group (CAA) - August 29 at 10:42 AM logoMeritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : August 23, 2017 - August 24 at 9:41 AM logoNVR (NVR) and Meritage Corporation (MTH) Critical Analysis - August 23 at 2:16 PM logoMeritage Corporation (MTH) Given Consensus Recommendation of "Hold" by Brokerages - August 23 at 1:08 PM logoMeritage Homes Closes on 200-Acres in Orlando to Develop New 700-Home Community - August 11 at 6:41 AM logoSee what the IHS Markit Score report has to say about Meritage Homes Corp. - August 11 at 6:41 AM logoMeritage Homes Distinguished with 2017 Avid Awards for Highest Customer Satisfaction Ratings - August 10 at 6:04 AM logoCritical Contrast: NVR (NVR) & Meritage Corporation (NYSE:MTH) - August 9 at 2:12 PM logoMeritage Homes Corp. :MTH-US: Earnings Analysis: Q2, 2017 By the Numbers : August 4, 2017 - August 5 at 4:48 AM logoBrokers Offer Predictions for Meritage Corporation's Q3 2017 Earnings (MTH) - August 4 at 7:12 AM logoMeritage Corporation (NYSE:MTH) versus TRI Pointe Group (TPH) Critical Comparison - August 3 at 8:08 AM logoMeritage Corporation (NYSE:MTH) Stock Rating Reaffirmed by Barclays PLC - August 2 at 3:46 PM logoMeritage Homes Corp Sees Profits Rise on a Strategic Pivot - August 2 at 3:26 PM logoMeritage Homes Q2 Profit Edges Up - August 2 at 6:07 AM logoMeritage Homes (MTH) Q2 2017 Results - Earnings Call Transcript - August 2 at 6:07 AM logoMeritage Homes reports second quarter 2017 diluted EPS of $0.98 on higher margins, with continued progress on strategic initiatives - August 2 at 6:07 AM logoInvestor Network: Meritage Homes Corporation to Host Earnings Call - August 2 at 6:07 AM logoEdited Transcript of MTH earnings conference call or presentation 1-Aug-17 2:30pm GMT - August 2 at 6:07 AM logoMeritage beats Street 2Q forecasts - August 2 at 6:07 AM logoMeritage Corporation (NYSE:MTH) Announces Earnings Results, Beats Estimates By $0.23 EPS - August 1 at 2:20 PM logoMeritage Homes Promotes Steve Hahn to Greenville, South Carolina Division President - July 31 at 9:19 PM logoMeritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : July 31, 2017 - July 31 at 9:19 PM logoContrasting Hovnanian Enterprises (HOV) & Meritage Corporation (MTH) - July 29 at 8:04 PM logoMeritage Corporation (MTH) Receives Average Rating of "Hold" from Analysts - July 29 at 10:58 AM logoMeritage Corporation (MTH) Scheduled to Post Quarterly Earnings on Tuesday - July 27 at 1:26 PM logoZacks: Brokerages Anticipate Meritage Corporation (MTH) Will Announce Quarterly Sales of $763.81 Million - July 26 at 2:40 PM logo$0.75 EPS Expected for Meritage Corporation (MTH) This Quarter - July 24 at 8:52 AM logoMeritage Corporation (MTH) versus Lennar Corporation (LEN.B) Head-To-Head Comparison - July 16 at 2:11 PM logoMeritage Corporation (NYSE:MTH) Cut to Hold at BidaskClub - July 14 at 12:46 AM logoBarclays PLC Reiterates Underweight Rating for Meritage Corporation (MTH) - July 13 at 8:13 AM logoBarclays Cuts Toll Brothers To Sell Amid Slowing Buyer Traffic - July 12 at 5:20 AM logoMeritage Corporation (NYSE:MTH) Upgraded at Zacks Investment Research - July 9 at 10:58 PM logoBig builder looks to up the ante on smart homes, Wi-Fi systems - July 7 at 7:36 AM logoReviewing Meritage Corporation (NYSE:MTH) and M/I Homes (MHO) - July 5 at 2:12 PM logoMeritage Homes to Include Advanced Wireless Home Automation Package in New Homes - July 5 at 8:42 AM logoMeritage Corporation (NYSE:MTH) Given Consensus Recommendation of "Hold" by Brokerages - July 4 at 11:28 AM



Meritage Corporation (MTH) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by Staff